Revised schedule vi

Sravanthi (CA Final ICWA Final & M.B.A) (737 Points)

29 October 2012

Hai Frnds

I have a small doubt with regard to Revised Schedule VI. How to show the Opening & Closing Stock in P&L a/c as per revised schedule VI.

Thanks in Advance.

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Deepak Gupta (CA Student) (15922 Points)
Replied 29 October 2012

Originally posted by : Sravanthi
	Hai Frnds I have a small doubt with regard to Revised Schedule VI. How to show the Opening & Closing Stock in P&L a/c as per revised schedule VI. Thanks in Advance.

COST OF MATERIALS CONSUMED:

Opening Stock of Raw Materials, Packing Materials, etc.

Add: Purchases of Raw Materials, Packing Materials, etc.

Less: Closing Stock of Raw Materials, Packing Materials, etc.

Net Amount = As per Statement of P&L
.
CHANGES IN INVENTORY OF FG, WIP, STOCK–IN–TRADE, ETC.:

Finished Goods: Opening Stock - Closing Stock = XXX

Work In Progress: Opening Stock - Closing Stock = XXX

Stock in Trade: Opening Stock - Closing Stock = XXX

Net Amount = As per Statement of P&L

Note: If Closing Stock > Opening Stock, the Net Negative Amount can be shown in brackets.

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