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