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Adjusted purchase and sales

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(Querist)
01 April 2015 what are adjusted purchases and adjusted sales?
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Kishanlal Paliwal

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Kishanlal Paliwal (Expert)
01 April 2015 Adjusted Purchase means Net Purchase (i.e. Purchase net off Returns) and +/- of the Opening & Closing stock. In formula we can state as Net Purchase + Opening stock - Closing Stock.

Adjusted Sales means Gross Sales (including Sales Tax) minus Sales Returns duly adjusted with all Sales related allowance.

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K.L.Paliwal
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