Adjusted purchase and sales

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Misba shah

Misba shah (Querist)
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01 April 2015 what are adjusted purchases and adjusted sales?

Kishanlal Paliwal

Kishanlal Paliwal (Expert)
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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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