CA Foundation doubt
Can anyone tell me why we minus 32500 nd 45000.. is this because its related to previous year..ya phr koi or logic h?

Asked by Zoyaaa14 Jul 2024334 views
CA Foundation doubt

Asked by Zoyaaa14 Jul 2024334 views
Priyanshu · 15 Jul 2024
As it is is mentioned that this item is to be written off and only 17500 are written off so cost price of that item was 50000 minus 17500 32500 remaining to written off as this item was to be written off in previous year and does not constitute stock of this year so it is written off
Ashu · 15 Jul 2024
It's because it's an abnormal item which causes a rapid rises the profit ..may be
Prathna · 15 Jul 2024
Bcoz they are abnormal items and they need to be subracted from total to get normal items
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