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Auto Dealership Car Vehicle Closing Stock Valuation

This query is : Resolved 

13 August 2024 Auto Dealership Car Vehicle Closing Stock Valuation : Is it right to Reduce Incentives like MAC , DRF to reduce from Year End Closing Stock ? Please guide as per IndAS.Thanks

14 August 2024 better to book incentives in other income.

14 August 2024 That is already done ,taken as income
But unsold stock ,to come at correct valuation ,is it appropriate to reduce MAC [Wholesale Incentive] & DRF from Closing Stock?




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