a trader excess stock and excess cash details mentioned below.
stock as per books rs:25 lacs
stock as per trade rs:22 lacs
cash balance as per books rs:5 lacs
cash balance as per trade rs:4 lacs
question:
a trader excess stock and cash how the adjustment procedure in books.
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Excess stock and cash adjustment procedure
Replies (2)
Can reduce both the amount as 'theft'.
Declare excess stock as cash sales 3 lakhs
show cash drawings 3 +1 lakhs
show cash drawings 3 +1 lakhs
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