Closing stock in p& l a/c and in balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2013
Hi All
while Filing Income Tax Return Assessee Enters 2 Different Figures In P & L account and in Balance Sheet in Some Cases he is Not Brought Closing Stock in P & L but in Balance Sheet he Shows. where he Adjust and As per AS- how WIP he will Show.
Please explain the Possibilities
Thanks in Advance
while Filing Income Tax Return Assessee Enters 2 Different Figures In P & L account and in Balance Sheet in Some Cases he is Not Brought Closing Stock in P & L but in Balance Sheet he Shows. where he Adjust and As per AS- how WIP he will Show.
Please explain the Possibilities
Thanks in Advance
CA Ayush Agarwal
(Expert)
14 June 2013
both should be equal.
under closing stock..WIP can be shown as separate subhead.
under closing stock..WIP can be shown as separate subhead.
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