Parts of Inventories ( WIP and Finished Gooods)
This query is : Open
24 October 2023
1.Material which are used for manufacturing the products are Raw Material.
2.Finished goods which are incomplete i.e., partial work done and further work is required to convert the same into FG are WIP.
3.Goods which are ready to remove from factory are Finished Goods.
these are parts of inventories, but how to know how many are WIP and Finished Goods
2.Finished goods which are incomplete i.e., partial work done and further work is required to convert the same into FG are WIP.
3.Goods which are ready to remove from factory are Finished Goods.
these are parts of inventories, but how to know how many are WIP and Finished Goods
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
