opening Stock ??

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This query is : Resolved

Muhammad Arshad Ashrafi (Querist)
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24 May 2011 Dear Sir

I am doing backlog work of FY07-08 my client I.T.Advisor give me only three figure,i have nothing papers of previous year FY06-07 Balance Sheet,trading p&l a/c sheet.

Gross Receive 590000.00
Expenses 480000.00
N.P. 110000.00
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i book all purchase & sales as below
Purchase 330570.00
Sales 590000.00

my query is how can i find opening stock value at 1.4.2007 and how can i find g.p. on 31.03.2008 and expenses sum of Rs. 480000.00

please guide me
thanks in advance
Arshad

Muhammad Arshad Ashrafi

Muhammad Arshad Ashrafi (Querist)
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03 June 2011 i resolved this problem

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