inventory

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 April 2011 Just a small and a silly query-----" Why Closing stock is taken in the credit side of Trading & P&L Account"????

Just want to know the logic???????

Aditya Maheshwari

Aditya Maheshwari (Expert)
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07 April 2011 Because purchase is taken on the debit side and we need to reduce the purchase by shwoing stock.

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