stock
This query is : Resolved
02 July 2010
In tax audit report form -3CD stock in trade ration. shall i take closing stock/turnover or average stock/turnover.
02 July 2010
it should be closing stock/trunover
02 July 2010
It should be closing stock to turnover.
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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