This discussion focuses on managing closing stock for a client's 44AD trading account, which is maintained manually in Excel. The user presented account figures and sought advice on reducing the closing stock. The key takeaway is that closing stock is influenced by opening stock, purchases, and sales, and understanding these relationships is crucial for effective management.
14 July 2023
i have one clinet and his trading account (IT IS 44AD IT RETRUN AND IT IS MANUALLY EXCEL TRADING ACCOUNT)
PARTICULAR AMT PARTICULAR AMT OP BAL 2,85,200 SALES 8,45,860 MATERIAL PURCHASE 4,20,360 GROSS PROFIT 4,90,900 CLOSING STOCK 3,50,600 TOTAL 11,96,460 TOTAL 11,96,460
MY QUESTION IS HOW TO REDUCE CLOSING STOCK AND WHICH ENTRY MADE DR OR CR SIDE