stock of rental material

This query is : Resolved 

04 February 2011 Our company sends goods to client's on rental basis. Rental period may vary from one month to more than one year. On completion of rental period, client returns goods to us. Whether material sent out on rental basis should form part of our closing stock at the year end?

06 February 2011 If you giving the material on rental basis , you cannot treat is like stock. It is your assets. and rent is to be treated as operating lease receivable.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries