Closing stock
This query is : Resolved
06 July 2012
how is the closing stock valued?
in the case of direct selling items such as laptops,televisions,etc....it is not much difficult to calculate,but what about the items such as wood,plywoods or a firm dealing in glass?
thanking you in advance!!!!
in the case of direct selling items such as laptops,televisions,etc....it is not much difficult to calculate,but what about the items such as wood,plywoods or a firm dealing in glass?
thanking you in advance!!!!
06 July 2012
AS-2 doesnt apply to forest products,so they must be valued to the extent at NRV,lets wait for others opinion on this
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
