Dhoni is a small business entitytaxpayerwho operates a retail sporting goodsstore.Thevalueofhisstock onhandat1July 2021is$27,OOO andhe reasonablyestimatesthe value at3OJune

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Dhoni is a small business entitytaxpayerwho operates a retail sporting goodsstore.Thevalueofhisstock onhandat1July 2021is$27,OOO andhe reasonablyestimatesthe value at3OJune 2022 tobe $30,500. Dhoni carriedoutastocktakeandcalculatedtheclosingstockvalueto be

$29,200.

Advise Dhoni regarding accounting for the value of his trading stock at the end of the 2021/22 year of income.

Posted Date: May 18, 2024 10:02 AM

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Dhoni is a small business entitytaxpayerwho operates a retail sporting goodsstore.Thevalueofhisstock onhandat1July 2021is$27,OOO andhe reasonablyestimatesthe value at3OJune

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