Dear CCI Friends please help.....
In revised schedule vi - how is the opening and closing stock to be presented???
In the cost of material consumed we give the effect of opening and closing stock
So in changes in inventory how we put the same figures again??? It will lead to double posting right.
Please tell me how to give the above effects and prepare it properly....pls help
please helpp its urgent
In cost of material consumed following fig. to be reported:-
Direct Incomes-Direct Expenses
and in Change in Inventory following to be reported:-
Closing Stock-Opening Stock
yes i committed mistake in replying....Mr. Ashish pathak is absolutely right....Closing and Opening inventory is considered while computing Cost of material consumed. While Closing and opening inventory of finished goods is considered while computing Change in inventory.
Thanks a lotttt Mr. Ashish.
Seriously thank you!! :)
Thank you CA Parul :)
CCI
Pro
CAclubindia
