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Revised schedule 6

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Querist : Anonymous

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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

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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