Fire insurance claim


(Querist)
07 February 2019
When opening stock is under valued by 20000 and closing stock is over valued by 10000, in such a scenario we should add 20000 to opening stock and we should deduct 10000 from closing stock to find out correct Gross profit.
Is this right?


CA R SEETHARAMAN (Expert)


Click to Talk 07 February 2019
Yes this is right.............


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