Hi,
I am doing audit for commodities transactions in which delivery has not been taken. Should I show total of sales and purchases of commodities in P&L account or gross profits as sales and gross losses as purchases?
Thanks
shalini (CA) (525 Points)
25 October 2018Hi,
I am doing audit for commodities transactions in which delivery has not been taken. Should I show total of sales and purchases of commodities in P&L account or gross profits as sales and gross losses as purchases?
Thanks
Sundararajan S
(Final Student of ICAI)
(1764 Points)
Replied 25 October 2018
rama krishnan
(12239 Points)
Replied 25 October 2018