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Closing stock

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2013 if a debtor retuns the goods and we pass entery which is sales return a/c dr. to debtor but i m confused about how closing stock will be adjusted in it? would closing stock be increase or not?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 March 2013 Yes. closing stock need to be increased since the goods come back.

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