I had put excess stock than actual in audited balance sheet of 18-19. Is there any way out correct it. can i take this year correct stock ( opening stock in Trading A/c)?
2. As the firm is closing, as per book there is around 120000 stock, but actually there is not so much stock. And right now, there is no input in hand. All the inputs were utilised. So it is very difficult to pay tax on closing stock?
3. Can we show gross loss in trading A/c?
CAclubindia
