Confusion on why we didn't add closing stock to adjusted purchases

Accountancy

Sir why didn't we add closing stock to adjusted purchases and take gross purchases to P&L just like we did in illustration 1 Video Details ------------- P1 - Advanced Accounting - Without AS Preparation of Financial Statements #28. Illustration 8: RTP May'22

Vandana Haripriya doddi

CA Inter

★ 5K+

18-Dec-25 13:29

212

Answers (2)

ICAI has accepted both ways of presentation. you can add it to purchases and show the number as changes in inventory as well.

CA Suraj Lakhotia

Admin

18-Dec-25 16:04

Acha okay sir tq

Thread Starter

Vandana Haripriya doddi

CA Inter

★ 5K+

18-Dec-25 16:25