Stock greater than purchase
This query is : Resolved
16 April 2014
Sir, Can the closing stock be greater than Purchase in any situation having no opening stock.
Sandeep Dharar
(Expert)
16 April 2014
Yes if there is sales return then closing stock will show higher value. Or goods received as sample or charity or introduced from personnel source then it may have higher value than purchases.
16 April 2014
I am in construction firm, Our Purchase is 45,00,000 & labour is 30,00,000, but our CA is showing closing stock of 95,00,000.
There are no purchase returns or any source of goods received.
There are no purchase returns or any source of goods received.
Sandeep Dharar
(Expert)
16 April 2014
If there r not any other head then Cl. st. should be 75L. If it is 95L then ask ur CA if it is a mistake then rectify it.
16 April 2014
I hav argued with him but he is not explaining telling that, "abhi march - april me kaam bohot hai tumko samzha nahi sakta mai"
16 April 2014
Sir itna hi nahi,
unhone 30,00,000 per partner capital ka 23,00,000 kar diya. cash me se bhi 7,00,000 minus kar ke 23,000 kar diya hai.
Mai samaz nahi paa raha hu ke mai abb kya karu. aur mere pass aaj ka akhri din hai.
unhone 30,00,000 per partner capital ka 23,00,000 kar diya. cash me se bhi 7,00,000 minus kar ke 23,000 kar diya hai.
Mai samaz nahi paa raha hu ke mai abb kya karu. aur mere pass aaj ka akhri din hai.
Sandeep Dharar
(Expert)
16 April 2014
Then it is the adjustment made by the CA for return filing, to show more profit. Dont worry its just an Adj. What u r saying abt last date?
16 April 2014
he gave me one day to sort out if there is any problem before filling the return.
will this adjustments give any future problems ?
will this adjustments give any future problems ?
16 April 2014
the partners will be showing full capital in their personal returns.
Sandeep Dharar
(Expert)
16 April 2014
No it will give no problem. It is just an adjustment.
16 April 2014
sir
unhone prchase value bhi 79,00,000 ka 65,00,000 dikhaya hai. Kya ye adjustment bhi chalega.
unhone prchase value bhi 79,00,000 ka 65,00,000 dikhaya hai. Kya ye adjustment bhi chalega.
Sandeep Dharar
(Expert)
16 April 2014
Yes friend yes, if it is purchased in cash then he can show it.
16 April 2014
Sir ek akhari jawaab de do no, kya vo closing stock jyada chalta hai purchase se.
Sandeep Dharar
(Expert)
16 April 2014
Ye to wahi bata sakte h. Ask him he will clarify all ur queries..
17 April 2014
sir, iss tarah ke adjustments ke topic ka naam kya hai aur iske bare me muje kahan padhne ko milega ?
Sandeep Dharar
(Expert)
17 April 2014
These r the adjustments which u will find nowhere in any book or no one will teach u. These r the adjustment which u will learn from ur working experience.
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