banner_ad

Balance sheet

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 May 2012 Closing stock of Inventory includes 3-4 year balance. hoe to reprensant in Balnce sheet, in format of revised schd. VI.
Profile Image

Sanjay Chauhan (IFRS)

Profile Image

Sanjay Chauhan (IFRS) (Expert)
15 May 2012 Old and Non moving items of inventory are to be written off. This was true even for old schedule VI.

In revise schedule VI if the items are old but still can be used, it will continue to remain in Inventory and grouped under respective nature of inventory such as Stores and Spares, loose tools or so..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details