Increase/decrease in stock in trade wip and fg
This query is : Resolved
13 September 2013
What is the meaning of Increase/Decrease in Stock in trade and work in progress and finished goods.
16 September 2013
it is difference between opening stock and closing stock
17 September 2013
thanks for reply i know that but we are using sap but we didn't do any thing like that in our p&l.we are not following traditional method of p&l.direct consumption will debit in our p&l.so can you explain broadly about this.
17 September 2013
Increase or decrease in stock will be calculated on the finished goods only.
what ever you are doing consumption debit is only or raw material, stores & spares consumptions, it will not considered as increase or decrease in stock
what ever you are doing consumption debit is only or raw material, stores & spares consumptions, it will not considered as increase or decrease in stock
18 September 2013
ok.why increase or decrease in stock will be calculated for FG.we already book cogs when we done sales
18 September 2013
when cost of goods sales adjusted with the closing stock & opening stock, not necessary to increase or decrease
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
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
