Stock journal
This query is : Resolved
23 August 2013
Sir
WE HAVE SCRAP GOODS RS. 50,000/- THROUGH STOCK JOURNAL ,FOR RESULT OUR GROSS PROFIT IS
DOWN, AS WELL AS NET PROFIT ALSO DOWN . BUT
MY CA SAYS WHERE YOU ENTRY PASS ON P/L LOSS A/C, HOW COULD PROFIT DOWN.
PLEASE DESCRIBE SIR WHY GP DOWN WHEN SCRAPE GOODS.
WE HAVE SCRAP GOODS RS. 50,000/- THROUGH STOCK JOURNAL ,FOR RESULT OUR GROSS PROFIT IS
DOWN, AS WELL AS NET PROFIT ALSO DOWN . BUT
MY CA SAYS WHERE YOU ENTRY PASS ON P/L LOSS A/C, HOW COULD PROFIT DOWN.
PLEASE DESCRIBE SIR WHY GP DOWN WHEN SCRAPE GOODS.
25 August 2013
It is kind of stock loss, so it will effect your p&l a/c
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