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(Querist)
02 July 2010 In tax audit report form -3CD stock in trade ration. shall i take closing stock/turnover or average stock/turnover.
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Gaurav Barmera

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Gaurav Barmera (Expert)
02 July 2010 it should be closing stock/trunover
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 July 2010 It should be closing stock to turnover.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 July 2010 ICAI suggests closing stock only. But in some other reputed books, average stock method is advised. However, I ,being an ICAI member, am following the former method.

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