What will be the impact on profit and loss Accounts
This query is : Resolved
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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)
17 May 2022
Due to increase in sales profit would be increased, other than that there is no major impact.
Ram Avtar Singh
(Expert)
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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