Conversion of personal assets into stock in trade
Atharv Sankliya (1306 Points)
14 April 2023Atharv Sankliya (1306 Points)
14 April 2023
sabyasachi mukherjee
(26124 Points)
Replied 14 April 2023
Yasaswi Gomes new
(Finance )
(4484 Points)
Replied 14 April 2023
Stock in trade means the stock which is purchased in the business for resale purposes. Inventory valuations for it.
Atharv Sankliya
(1306 Points)
Replied 17 April 2023
Yasaswi Gomes new
(Finance )
(4484 Points)
Replied 17 April 2023
10 lacs. The inventory valuations are same for sole proprietorship.
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