Poonawalla fincorp
Poonawalla fincorp

Closing stock under construction period

This query is : Resolved 
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(Querist)
17 September 2012 Dear sir,

Can i show closing stock under construction period like sand in site , Brick, etc Available in site the same can i show in profit & loss a/c Before commercial operation ?

Please clarify
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
17 September 2012 Yes, You Must Show This.
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madhu Reddy

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madhu Reddy (Querist)
17 September 2012 Sir

if closing stock is also shown in profit & loss a/c they are getting profit before commerial operation

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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
17 September 2012 Yes It Will Show.
& That rite also.

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