Treatment of opening and closing stock
This query is : Open
30 September 2023
Treatment of opening stock and Closing stock
In profit and loss account and balance sheet while preparing profit and loss and balance sheet.
In profit and loss account and balance sheet while preparing profit and loss and balance sheet.
01 October 2023
Closing Stock is a current asset in BS and is shown in PL along with Opening Balance
01 October 2023
In PandL --> Opening Stock in Expenditure side & Closing Stock in Income Side...... In BS ---> Closing Stock in Asset Side as Current Asset....
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