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Closing Stock of Gift Items in Balance Sheet

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99 Points Posted on 09 January 2022
Under which head in balance sheet will closing stock of gift items be placed (like writing pads, other promotional gift items like watches, pen holders, etc)
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On 09 January 2022 at 21:28 Report
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210 Points Posted on 10 January 2022
Under closing stock,, make a separate ledger of gift items under closing stocks.
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On 10 January 2022 at 10:13
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Profession Business
28207 Points Posted on 10 January 2022
There is no such disclosure in balance asheet as per schedule vi .
A seperate notes on account need to be made.
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On 10 January 2022 at 14:41
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99 Points Posted on 10 January 2022
Well, no disclosure is ok, but it needs to be under somewhere right?
like in fixed asset or current asset or indirect expenses
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On 10 January 2022 at 15:07
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Accountant
60 Points Posted on 15 January 2022

closing stock mean closing stock. (PNL )

 

 

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On 15 January 2022 at 16:10
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99 Points Posted on 15 January 2022
Doesn't balance sheet have closing stock?
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On 15 January 2022 at 17:45
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My grammar is 💯 good I
7301 Points Posted on 18 May 2022

Periodically the closing stock is setoff against purchases. So it is not possible to classify it as distribution expenses

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On 18 May 2022 at 22:02


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