Answer Posted / mani

What about tax???

I have opening stock of 72 lacs (average costing without
tax) and purchase of 49 lacs (with tax) and i did sales of
101 lacs (without tax). What is my closing stock then????

Should i add tax in closing stock?

Where all should tax be included and where all should tax
NOT be included?

Right now i calculated => 72+49-101 = 20 lacs. IS this correct?

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