Stock in Trade- Doubt

This query is : Resolved 
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This discussion clarifies the meaning of 'Stock in Trade' within new PL formats for non-corporate entities. It addresses the confusion between 'Stock in Trade' referring to share market holdings versus the actual goods or inventory held by a business at the end of a specific date. The consensus points towards it representing business inventory.

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(Querist)
22 March 2023 Dear Sir

In new PL format ( Non Corporate Entites ) have Stock in Trade, Work in Progress, Finished Goods.
Here stock in Trade means Goods or Stock in Trade means Stocks belong to Share market.

Please Clear
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 March 2023 Stock in Trade means the goods at the end of specific date.
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Amandeep Singh

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Amandeep Singh (Querist)
22 March 2023 Thank you Very much Respected Dhirajlal Rambhia Sir,
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 March 2023 You are welcome..
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