Regarding Accounts

[Rajeev Khulbe]

Good morning sir

Very urgent query I an hare again to get your valuable answer.We have purchased a proprietor firm 1.30 Cr with all assets & liability and we carry forward all assets & liability in my books but we don't understand how show the stock in books and we have 11 cr stock now my query is if I show stock through purchase so came loss in my books pl reply which is the way to book stock and don't book loss

AI Summary

Guidance Sought on Recording Proprietorship Stock Valued at 11 Crore After 1.30 Crore Purchase Without Loss A user inquired about accounting for stock after purchasing a proprietorship for 1.30 crore, with a current stock value of 11 crore. The concern was how to record the stock in the books without incurring a loss. The response advised consulting a professional for guidance on the matter.