Revised schedule 6

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2012 Respected members,

In the new revised schedule 6, where do we show closing stock and opening stock in P&L a/c?

Because it gives Cost of materials consumed
Purchases of Stock-in-Trade and
Changes in inventories of finished goods, where should we show the opening and closing bal of stock?

Thanks

CA Ganpat Naik

CA Ganpat Naik (Expert)
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27 October 2012 You have to show it in Notes to P&L
as given below :-
Closing Stock XXXX
Less : Opening Stock XXXX
Changes in Inventories xxxx

In P&L, Net figure will be shown.

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