banner_ad

Why we are showing purchasers and cost of consumed materials, is it double the cost?

504 views 1 replies
1.Cost of materials consumed.
2.Purchases of Stock-in-Trade.
3.Changes in inventories of finished

While preparing profit and loss statement under sechdule 3 why we are showing purchasers and cost of materials consumed ?
Is it double the cost?
I am unable to understand please explain
Replies (1)
No these are two seprate purchases.

Purchase of Stock in trade means purchase of finished goods

and

Cos of material consumed means: Opening Stock of Raw Material + Purchase of Raw Material - Closing stock of raw material.

So if someone is manufacturer as well as trader, he will take both purchases.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details