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Changes in inventory in 23aca ( negative item)

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 October 2012 Dear experts

My closing stock is greater than opening stock i.e we have show it (-)in changes in fineshed goods. But form is not allowing us to mark negative figure resulting we are unable to show it correct profit.

Pl guide the way forward.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
02 October 2012 Show the changes in Inventory in the Income side. Since, increase in closing stock is income only.

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