Change in inventories
This query is : Resolved
Derick Machado
(Querist)
18 August 2016
How does 'change in inventories' become a part of expenses under 'Profit and Loss Statement'?
Amol S Joglekar
(Expert)
18 August 2016
Then where, according to you, it should go?????
the basic arithmetical equation is
opening stock + purchases = closing stock + issues (Either by way of sales or issued to production)
Naturally the changes if any in inventory (stock)...will go to Profit/Loss statement, as per the said equation, isnt it?
the basic arithmetical equation is
opening stock + purchases = closing stock + issues (Either by way of sales or issued to production)
Naturally the changes if any in inventory (stock)...will go to Profit/Loss statement, as per the said equation, isnt it?
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