16 June 2023
Hi Sir/Ma'am, I have some questions regarding stock valuation at the end of the year. 1.Why do we add direct expenditures in closing stock valuation? Like Fabrication, Scaffolding Exp. etc. 2.Should I book unbilled revenue for the work already done till march for which bill were raised in April next year or i should simply show it in WIP and does not book unbilled revenue?
16 June 2023
1 Such direct expenses add value to the closing stock. 2 Book unbilled revenue for the work already done till march for which bill were raised in April next year.
CAclubindia
