Goods in Transit

I think just below the Stock.

Whether it should be included in the Inventories or not? Or should it be seperate from inventories.

Yes, the goods-in-transit are the part of ur closing stock only,....

But in Balance Sheet, you need to show bifurgation under Closing Stock..

CLOSING STOCK :

Stock-in-hand
Stock-in-transit.

The same goes for cash in hand and cash in transit

YA I AGREE WITH WITH ABOVE PERSON

THIS SHOULD BE INCLUDED IN CLG STK BUT SHOWN BY GIVING BIFURCATION