Revised schedule vi

Originally posted by : Sravanthi
	Hai Frnds I have a small doubt with regard to Revised Schedule VI. How to show the Opening & Closing Stock in P&L a/c as per revised schedule VI. Thanks in Advance.

COST OF MATERIALS CONSUMED: 

Opening Stock of Raw Materials, Packing Materials, etc.

Add: Purchases of Raw Materials, Packing Materials, etc.

Less: Closing Stock of Raw Materials, Packing Materials, etc.

Net Amount = As per Statement of P&L
.
CHANGES IN INVENTORY OF FG, WIP, STOCK–IN–TRADE, ETC.:

Finished Goods: Opening Stock - Closing Stock = XXX

Work In Progress: Opening Stock - Closing Stock = XXX

Stock in Trade: Opening Stock - Closing Stock = XXX

Net Amount = As per Statement of P&L

Note: If Closing Stock > Opening Stock, the Net Negative Amount can be shown in brackets.