Is 'packing material consumed' a part of 'rm consumed'?
This query is : Resolved
25 May 2014
Is 'packing material consumed' a part of 'cost of raw material consumed' if 'packing material consumed' has not been mentioned discretely anywhere in the main financial statement/schedules/notes?
Vishnu Saboo
(Expert)
13 June 2014
in my opinion, Packing material is not direct input, instead of showing it as raw material consumption, you must show it store consumption or packing material itself.
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