How to calculate according to schedule III

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Daya (Querist)
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02 October 2023 Cost of material consumed
changes of inventory
while preparing profit and loss account.

CA R SEETHARAMAN (Expert)
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02 October 2023 Opening balance add purchase less closing stock is cost of materials consumed.

Daya (Querist)
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13 October 2023 sir,
when I use Cost of material consumed
then changes of inventories should not be calculated .
please reply.

CA R SEETHARAMAN (Expert)
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13 October 2023 Yes, you are right...
...

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