I have one clinet and his trading account (IT IS 44AD IT RETRUN AND IT IS MANUALLY EXCEL TRADING ACC
This query is : Resolved
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
OTHERWISE EVERY YEAR CLOSING STOCK INCREASE
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
OTHERWISE EVERY YEAR CLOSING STOCK INCREASE
20 August 2023
Closing stock is a funtion of Opending Stocks, purchases and sales made during the year.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
