Dear Experts,
My client has a requirement in showing the closing stock value in the Profit & Loss statement for a trading partner books. The trading partner has been created as a new company code
The trading partner will purchase the finished goods from a Vendor and sell it to the end customer. There is no production process in this company code. . So how will the changes in inventory which is the difference between the opening stock and closing stock will be shown in the income side of P&L statement. Since this is a trading company there will be no opening stock initially in the books. So what will be the P&L account impact in this process for changes in inventory and can it be shown as closing stock in P&L statement?
Normally how will be the Closing Stock updated in P&L for a trading partner without production process in general scenario?
Kindly provide your valuable inputs on the above issue.
Regards,
Ramprasath