In regarding of application of as-2
This query is : Resolved
21 July 2012
Sir,
In a Company in F.Y. 2010-11 Total Closing Stock is less than 50 Crore and in F.Y. 2011-12 Closing Stock is 100 Crore, I want to know that in F.Y. 2011-12 We have done valuation of closing stock at market Price or application of Accounting standard-2.
Please Reply my query.
Thanks
In a Company in F.Y. 2010-11 Total Closing Stock is less than 50 Crore and in F.Y. 2011-12 Closing Stock is 100 Crore, I want to know that in F.Y. 2011-12 We have done valuation of closing stock at market Price or application of Accounting standard-2.
Please Reply my query.
Thanks
24 July 2012
Your query is not clear... However, it is not necessary that a stock in current year can not be double the stock what was in previous year....
You may like to go through the purchase and sale, also try to find if there any change in the method of valuing the stock,.
You may like to go through the purchase and sale, also try to find if there any change in the method of valuing the stock,.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
