Closing stock valuation
This query is : Resolved
29 September 2011
Shld the Charges paid for Demmurrage,Octroi,Clearing on closing stock be added as on 31.03.11 ??
And if Yes then how do we account it in Tally for valuation purpose..
And if Yes then how do we account it in Tally for valuation purpose..
29 September 2011
demmurage a/c dr
octroi/ clearing chrgs. a/c dr
to closing stock
octroi/ clearing chrgs. a/c dr
to closing stock
01 October 2011
Whatever.expenses you incur from your pocket are to be added. So all the duties which u.incur and are not going to be recovered from the customer are a part of stock.
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