Profit effect
This query is : Resolved
RAMAKRISHNA
(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
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
RAMAKRISHNA
(Querist)
28 December 2015
thank you very much
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