Stock statementt

Hi, the stock statement submitted to the bank and the sale which is shown in the stock statement is with a tax or without a tax.
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Quick Summary
This discussion seeks to clarify whether the stock statement submitted to a bank includes or excludes tax. It also touches upon the fundamental accounting principle of stock valuation, which typically involves valuing inventory at the lower of cost or net realisable value (NRV).

Inventoory/ stock forms an integral part of the business. Stock valuation at cost or market whichever is less.
Cost or NRV whichever is less

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