12 September 2017
While I am preparing P&L, Balance Sheet. i have one doubt. Whether Sales and Purchase value includes Vat/cst/Gst amount also or only Gross value of that Purchase or sales?
12 September 2017
I understand your query. But, you can't ask it exactly...
You can prepare your PandL as Purchase and Sales values for without tax amounts. That only your income and expenditure account....
Taxes, Outstanding, Liabilities and Assets, Revenues and Etc., balances in your BS....
CAclubindia
