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Difference of stock
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A gst registered regular scheme dealer stock values mentioned as on 31.03.2020.
1stock value as per accounting books rs.10 lacs.
2. Trader verify physical stock value Rs.12 lacs.
Difference stock value Rs.2 lacs adjustment producure.
Lewis-H Answered question
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Shares are a part of something bigger i.e. the stocks. Shares represent the proportion of ownership in the company while stock is a simple aggregation of shares in a company. Shares are issued at par, discount or at a premium. It is known as stock when the shares of a member are converted into one fund.
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