if i hve:-
opening stock 1300000/-
+ purchase 2300000/-
Total 3600000/-
Sale 2800000/-
Closing Stock shown800000/-
But I don't have any physical closing stock as it destroyed & no insurance claim is taken..
is there any way so that i can show NIL closing stock??
as if i show loss of800000/- then
case will go to Scrutiny..
Closing stock
CA YOGESH GARG GMG PLYWOODS (BUSINESS OF PLYWOOD and PARTNER IN GUPTA & MALHOTRA CHARTERED ACCOUNTANTS) (248 Points)
16 August 2011