What will be the impact on profit and loss Accounts

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Daya (Querist)
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17 May 2022 what will be the impact on profit and loss account on sales increase. what will be the major effect on profit and loss accounts.

CA Rashmi Gandhi (Expert)
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17 May 2022 Due to increase in sales profit would be increased, other than that there is no major impact.

Ram Avtar Singh (Expert)
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18 May 2022 Closing Stock also Reduces. and profit will effect as per profit ratio is taken at the time of sale of stock items.

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