27 August 2010
is it correct to say that if nothing is mentioned in the question about stock that whether is it at IP(Invoice Price) or CP(COST PRICE) then we always take it at CP always?
but if opening stock is given at IP then what shall be assumed for closing stock if nothing is mentioned for closing stock... or vice versa??
27 August 2010
If nothing given then you can treat always cost price only . & always treat both stock in same value either IP or CP which given in problem & give notes to examiner for your treatment
CAclubindia
