I Can Know the Reasons for Under valuation of Opening stock
Last year 2012-13 Closing Stock 50 Lakhs in 2013-14 Opening stock was 46 Lakhs
when i was Valuating Closing stock there was a stock was Received from an Vendor 4 Lakhs for Which we have Not Received a Purchase Bill in March Last week of supply by the Vendor but it was Recived in First WEEK OF aPRIL 2013
actual Purchase was 24 Lakhs + 4 Laks ( Last year Material Purchase)
CAclubindia
