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Is it mandatory to show "opening stock" in profit and loss Report as per indian accounting?

By
samba
on 8/28/14, 2:13 AM 416 views

I don't have that much knowledge on accounting. My accounting team(following indian accounting ) want to see opening stock in profit and loss report. As per my knowledge the account, which stores the value of stock is "Stock Valuation account " in Account category screen. This shows value of stock i.e closing stock. How can i show opening stock in openerp-7?.  Is it mandatory to show "opening stock" in profit and loss Report as per indian accounting?

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Asked: 8/28/14, 2:13 AM
Seen: 416 times
Last updated: 3/16/15, 8:10 AM