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Accounting treatment of recharge value for recharge vendor

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26 September 2014 a mobile recharge shopkeeper received value amounting Rs 50000 from Reliance to recharge customer's mobile no. & he treated the above mentioned value as his purchase. if some amount is still left at the year end, can we treat that amount as closing stock.
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Nikhil Kothari

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Nikhil Kothari (Expert)
30 September 2014 As you have treated on its arrival as Purchases, you can treat the balance as Closing Stock.

But I am not sure yet, as it can also be treated as cash equivalent.
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