Accounting as per companies act 2013

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Sunil Pandya (Querist)

02 December 2018 As Per Companies Act 2013 in Balance sheet under current assets Inventories are shown, which inventory is this closing balance of last year?
In profit and loss account three entries are shown1)Cost of Material Consumed 2)Purchase of product for resale 3) changes in inventories of finished goods, work In progress, and product for sale is this for current year up to February or before 3st march?
I have searched google for changes in inventories, wip it says the same is produced previous financial year how same is adjusted in this year? this item particularly shown in auto sector companies. Based on this how to do fundamental analysis, if want to make Discounted cash flow statement then how to make, can anybody guide with example?

Amol S Joglekar

Amol S Joglekar (Expert)

02 December 2018 yes, the inventories are shown as at year ending date.
cost of material consumed and product for resale are for the entire year i.e. upto 31st March
Changes in finished goods, WIP are calculated with the same formula as that of material consumed....
opening stock + additions (purchases/transfers as the case may be) - issues

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