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
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Interactive Media Pvt Ltd.
New Delhi
CA Inter
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Hema Yashwanth & Associates
Chennai
B.Com
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CCI
Pro
CAclubindia
