missthrifty
Registered User
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- 47
Hello.
I am doing self assessment for the first time as we had to depart from our accountant due to financial restraints. He did the 2010/2011 set of 22 months accounts for a new business and only entered closing stock of Euro 7K on the financial breakdown. (Would the opening stock be included under purchases which came from a start up loan and ongoing sales throughout the period?).
For 2012 accounts, do I need to state the opening stock (ie: Euro 7K) which would have been the same as 2010/2011 closing stock. This year's closing stock is also about Euro 7k.
Thanks for any advice
I am doing self assessment for the first time as we had to depart from our accountant due to financial restraints. He did the 2010/2011 set of 22 months accounts for a new business and only entered closing stock of Euro 7K on the financial breakdown. (Would the opening stock be included under purchases which came from a start up loan and ongoing sales throughout the period?).
For 2012 accounts, do I need to state the opening stock (ie: Euro 7K) which would have been the same as 2010/2011 closing stock. This year's closing stock is also about Euro 7k.
Thanks for any advice