I have one clinet and his trading account (IT IS 44AD IT RETRUN AND IT IS MANUALLY EXCEL TRADING ACC
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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.
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