In profit and loss account if sales turnover is to be taken in estimated basis than closing Stock can be taken in assumption basis?

 I Could not get ur question properly. Is it stock turnover?????

Assuming so, My answer

'If we hav scope to get information regarding opening stock , assumption wouldn't be logical. Or else such assumption is right.'

i hve retails shop i dnt maintain any books of accounts ,i shows my sales turnover in as assumption way suppose i.e 22lak , now can i show the closing stock in assumption way.As i have taken my opening stock in assumption way.

Ashim

For what purpose you wanted to prepare the financial statement or profit & loss account on assumption basis?????

loan purpose from bank.