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If stock is met with fire accident in F.Y 2016 17 but compensation received in F.Y 2017-18 and the stock which is met with fire accident still continue in closing stock.then what is the effect to be given in books of accounts and disclosure requirements and any additional comment in 3cd ??
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you can't show stock in hand on March 2018 ending, you have to pass the entry for compensation recd, provide profit or loss in books for the above transection and write notes in accounts.
Can any one suggest me the suitable notes
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