as regards stock of trading company
This query is : Resolved
26 September 2009
There is stock of battery o/s. in trading co. since long period which is neither salable nor of any use. I want to remove that stock from books of accounts, what treatment should be given in books of accounts ?
will there be any implication of vat or tcs ?
will there be any implication of vat or tcs ?
26 September 2009
Either create provision for non-moving stock or directly write off from the books.
No implication of VAT or TCS.....
No implication of VAT or TCS.....
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