can we treat stock(net) i.e change of closing stock-oening stock in case of preparing monthly profit& loss? or we just hide the stock treatment.plz guide me.
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 13 June 2013
In my opinion, Opening and Closing stock should be considered in preparing monthly P&L as the movement in them will impact profit or loss.
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