Easy Office
LCI Learning

Adjusting Closing Stock

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 September 2010 Hi,

If we adjusting in closing stock to reduce the profit , does it affect excise ? in case of first stage dealer cum if it is a trading company how it does affect?

Thanks & Regards

Mahesh.R
Profile Image

Nischint Kumar Somani

Profile Image

Nischint Kumar Somani (Expert)
07 September 2010 yes,
excise will be get effected as you have to report your closing stock detial to the excide authorities.
Profile Image

Mahesh Rathinavelu

Profile Image

Mahesh Rathinavelu (Querist)
08 September 2010 Thank You very Much ....
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links