STOCK VALUATION
This query is : Resolved
13 January 2011
HOW IS YEAR ENDING STOCK VALUED IN A MANUFACTURING UNIT?
WHAT ALL POINTS ARE TO BE KEPT IN MIND WHILE DOING SO?
PLEASE EXPLAIN
THAN YOU,
REGARDS,
DEVENDRA
WHAT ALL POINTS ARE TO BE KEPT IN MIND WHILE DOING SO?
PLEASE EXPLAIN
THAN YOU,
REGARDS,
DEVENDRA
16 January 2011
Stock are valued as per book value or market value which ever is lower. Book value is calculated based om wieghted average method.
Pls go through the AS 2 for more details.
Pls go through the AS 2 for more details.
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