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increase / decrease in finished goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2010
What is all about “increase / decrease in finished goods”, is it an item of Profit & Loss A/c , please state in brief
thanks
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CA KISHORE VANAMA

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CA KISHORE VANAMA (Expert)
19 June 2010 increase or decrease in finished goods is nothing but difference in opening and closing stocks ie if cl-op is positive it is to be added and vice versa
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 June 2010 It is profit & loss item only. difference between the opening and closing stock
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