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Profit effect

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(Querist)
26 November 2015 In accounting year 10000 over valued in opening stock and 15000 under valued in closing stock what is profit effect please reply me
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Prakash Mundada

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Prakash Mundada (Expert)
26 November 2015 WHEN OP STOCK OVERVALUED PROFIT WILL BE LOWER BY 10000 AND WHEN CLOSG STOCK UNDER VALUED THEN PROFIT WILL BE LOWER BY 15000, HENCE NET EFFECT IS PROFIT WILL BE LOWER BY 25000
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RAMAKRISHNA

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RAMAKRISHNA (Querist)
28 December 2015 thank you very much
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