on 11-02-2007 12:06 PM
Hi
The issue is the stock value appear in B/S is not matching with the stock value in P/L a/c.Now please advice me how to go about this in details.
Thanks
shivaji
Thanks
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The stock value that appears in the balance sheet is represented by the actual inventory times the price as per their price control.
P&L account records the actual consumption of stock. You may be comparing Inventory valuation with Inventory consumption which would not agree.
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