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.
CMA Ramesh Krishnan
(Expert)
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.
CMA Ramesh Krishnan
(Expert)
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
CMA Ramesh Krishnan
(Expert)
18 September 2013
when cost of goods sales adjusted with the closing stock & opening stock, not necessary to increase or decrease
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