Menu
Regarding increase and decrease in stock
Please can anyone clear my full concept. Why it shown increase or decrease in stock in income statement.
Replies (6)
Income statement means are you talking about p&l of sch-3?
In vertical trading a/c opening stock disclosed on the dr side and closing we've to disclosed on cr side.
So, to give this effect on horizontal p&l of sch-3 we've to disclose changes in inventory. Which shows effect of opening and closing stock.
In vertical trading a/c opening stock disclosed on the dr side and closing we've to disclosed on cr side.
So, to give this effect on horizontal p&l of sch-3 we've to disclose changes in inventory. Which shows effect of opening and closing stock.
Yes sch 3
This working is for finished goods only
This working is for finished goods only
Nope, its also for FG, WIP and raw material
OK will check it. Thnx
No change in inventory is not for raw material. It is for FG and WIP
Thanks Prakash. I agree with you.
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
