CLOSING STOCK IMPACT ON PROFT AND LOSS

HI ALL

 

WHAT IS THE IMPACT OF HIGH CLOSING STOCK AT THE END OF THE YEAR  ON FIRM PROFIT AND LOSS  . DOES IT MEAN HGH STOCK MEAN HIGH PROFIT 

 

SECONLDY IF THERE IS LOSS OF STOCK DUE TO NATURAL CALAMATIES AND THE AMOUNT IS CALIMED FROM THE INSURANCE COMPANY  WILL THE CAMOUNT CLAIMED FROM INSURANCE WILL WILL CONSIDERED AS PROFIT AND WILL TAX WILL BE HAVE TO BE PAID FOR SUCH INSURANCE CLAIM

 

Replies (1)
  1. Not necessarily.
  2.  The amount can be adjusted against the loss in stock.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details