usually while preparing trading account it consists opening stock closing stock sales and purchases and some direct expenses and direct incomes..
My query : As per final accounts rules
1. it is must to show the closing stock balances is more than opening stock.?
2. purchases balance value must reduce compared to the sales balance value?
3. gross profit balance figure must increase compared to the sales value
it is mandatory as per rules could you please explain me if there is any details are not given by clients
only having net profit and sales information
plse explain me
CAclubindia
