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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST ON DAMAGED GOODS
- Free lancer income
- STCG FOR GOLD ETFs
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
