Income tax

are you using Tally?

yes........

Here no need to pass the entry for closing stock in tally. tally software will takecare the adjustment entry. simply we need to update the stock information.

Gateway of Tally - Masters - Account Info - Ledgers - single ledger - alter - name of the ledger (closing stock)

here update info as follows

Closing balance : date 31-03-2017    <enter> Rs. 78,000/-

OK...THANKS...BT DIRECT MUJ P& L N BALANSHEET BNANI HO WITHOUT USING TALLY....TO CLOSING STOCK DIKHANE KI JARURAT HE MUJ NEW P& L ME?

OK...THANKS...BT DIRECT MUJ P& L N BALANSHEET BNANI HO WITHOUT USING TALLY....TO CLOSING STOCK DIKHANE KI JARURAT HE MUJ NEW P& L ME?

OK...THANKS...BT DIRECT MUJ P& L N BALANSHEET BNANI HO WITHOUT USING TALLY....TO CLOSING STOCK DIKHANE KI JARURAT HE MUJ NEW P& L ME?

OK...THANKS...BT DIRECT MUJ P& L N BALANSHEET BNANI HO WITHOUT USING TALLY....TO CLOSING STOCK DIKHANE KI JARURAT HE MUJ NEW P& L ME?

OK...THANKS...BT DIRECT MUJ P& L N BALANSHEET BNANI HO WITHOUT USING TALLY....TO CLOSING STOCK DIKHANE KI JARURAT HE MUJ NEW P& L ME?

OK...THANKS...BT DIRECT MUJ P& L N BALANSHEET BNANI HO WITHOUT USING TALLY....TO CLOSING STOCK DIKHANE KI JARURAT HE MUJ NEW P& L ME?

1. Closing stock a/c Dr. (Assets - under B/s)

            To Closing stock A/c ( to be transfer to trading A/c)

2. Closing stock A/c. Dr.

            To trading A/c

MERI STICHING INCOME HE TO ME TRADING AC TO BNAVUNGI NHI....TO PROFIT AND LOSS AC ME KESE SHOW KRU VO MERA Q HE??

In that case closing stock can be deductable from material purrchase.

then actual consumption can be disclosed as expenditure.

for example purchase of material is Rs.1000 during the year.

By the end unused material is Rs. 200.

while preparation of Profit and loss a/c Material actually consumed is considered. and balance amount (closing stock) to be transferred to Balance sheet.
 

If you are not using the stock of 78000 for stitiching, show it in Balance sheet only. No stock will appear in profit and loss a/c