Revised schedule 6
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 October 2012
Respected members,
In the new revised schedule 6, where do we show closing stock and opening stock in P&L a/c?
Because it gives Cost of materials consumed
Purchases of Stock-in-Trade and
Changes in inventories of finished goods, where should we show the opening and closing bal of stock?
Thanks
In the new revised schedule 6, where do we show closing stock and opening stock in P&L a/c?
Because it gives Cost of materials consumed
Purchases of Stock-in-Trade and
Changes in inventories of finished goods, where should we show the opening and closing bal of stock?
Thanks
27 October 2012
You have to show it in Notes to P&L
as given below :-
Closing Stock XXXX
Less : Opening Stock XXXX
Changes in Inventories xxxx
In P&L, Net figure will be shown.
as given below :-
Closing Stock XXXX
Less : Opening Stock XXXX
Changes in Inventories xxxx
In P&L, Net figure will be shown.
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