Revised schedule vi format

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Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2014 In revised schedule VI Format,in profit & loss a/c,in expenses head their are two points given: cost of material consumed & changes in inventories.

Please anybody clarify me the same : difference between these two because material consumed includes the effect of Changes in inventories.

Amol S Joglekar

Amol S Joglekar (Expert)
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31 May 2014 cost of material consumed the cost which finds its place in purchases...whereas the changes in inventory gives the monthly changes. cost can thus be derivative function

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