WE HAVE SCRAP GOODS RS. 50,000/- THROUGH STOCK JOURNAL ,FOR RESULT OUR GROSS PROFIT IS DOWN, AS WELL AS NET PROFIT ALSO DOWN . BUT MY CA SAYS WHERE YOU ENTRY PASS ON P/L LOSS A/C, HOW COULD PROFIT DOWN.
PLEASE DESCRIBE SIR WHY GP DOWN WHEN SCRAPE GOODS.
CAclubindia
