Dear Club Members,
What are the ways & means (i.e., Book Adjusments) to bring good amount of profits in books apart from Adjustment in Closing Stock?? Like keeping all the statutory provisions of Income tax, etc in mind???
Regards,
3 Replies
Ajay Singh Bhati
(Manager (Accounts))
(215 Points)
Replied 21 March 2013
Increase your sales and reduce expenses...i think its the only way .. :)
Nazia
(Asst Manager - Finance)
(139 Points)
Replied 21 March 2013
capitalise certain exps if possible, example business promotion , advertisement...
amortise over 3-5 yrs, so tat current period's exp can be reduced
CA Yogesh
(Sr. Executive (F&A))
(213 Points)
Replied 04 April 2013
Dear Nazia,
Well, thank you for your valuable comments...
Can u provide some other alternatives also??
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