Sales tax and income tax
This query is : Resolved
28 February 2012
Is it mandatory to keep the stock item wise detail or a person can hold stock just simply as total stock 5% and total stock 13.75%?
Guest
Guest
(Expert)
29 February 2012
It is mandatory to maintain item-wise stock register since it is the center point of business and major decisions can be taken by departmental authorities.
08 April 2012
It is better if you maintain itemwise stock as the value of each item may differ and in future you do not know which item is missing and which item expired. So keep the stock itemwise.
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