Treatment of opening and closing stock

This query is : Open

Daya (Querist)
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30 September 2023 Treatment of opening stock and Closing stock
In profit and loss account and balance sheet while preparing profit and loss and balance sheet.

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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01 October 2023 Closing Stock is a current asset in BS and is shown in PL along with Opening Balance

RAJA P M

RAJA P M (Expert)
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01 October 2023 In PandL --> Opening Stock in Expenditure side & Closing Stock in Income Side...... In BS ---> Closing Stock in Asset Side as Current Asset....

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