Poonawalla fincorps
Poonawalla fincorps

Consignment

This query is : Resolved 
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(Querist)
29 October 2013 how to do valuation of closing stock on invoice price
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
29 October 2013 Value the closing stock on invoice value and make a Consignment Stock reserve on Consignment A/c with the profit margin..
i.e it will be recorded at cost...

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