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Opening stock closing stock purchase

Others 475 views 4 replies

hi how does the opening stock , closing stock and purchase have effect of gross and net profit 

Replies (4)
You can adjust stck to give an impact on gross profit
It depends upon how much Openings Stock and purchase during the year you sold and at what price you Sold ,how much expenses you incurred and unsold stock is your Closing Stock ,at the end of the financial year.
Generally in corporates the profit and profit ta
x figures are extrapolated . So adjustment are marginal

Lol no one does that kind of reporting. 

No one can avoid margins 

Anyways what's tds on perquisites for 20k exact amount? Is it 2000?


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