What is the meaning of increasing of stock, decreasing of stock and how to treat them while Preparing value added statement?
Please clear.
Thanks in advance
Menu
query-value addition
Replies (1)
| Originally posted by :Harish | ||
| " |
What is the meaning of increasing of stock, decreasing of stock and how to treat them while Preparing value added statement? Increase in stock = closing stock - opening stock Decrease in stock =opening stock- closing stock when preparing VAS , increase in stock will add to income while decrease in stock will reduce ur income for further knowledge , when we prepare profit and loss a/c in vertical form we show " increase / decrease in stock " under Expenditure A/C. INCREASE WILL ADD TO PROFIT. WHILE DECREASE IN STOCK WILL REDUCE THE PROFIT
|
" |
Recent Topics :
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
Related Topics :
CAclubindia
