Valuation of Inventory
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2011
Hi
Could anyone please provide the answer for this.
Can impairment on fixed assets charged to the profit and loss account, be absorbed in the valuation on inventories?
Thanks
Could anyone please provide the answer for this.
Can impairment on fixed assets charged to the profit and loss account, be absorbed in the valuation on inventories?
Thanks
15 June 2011
No,only ordinary type of expenditure to be absorbed to the inventory.Otherwise it will unnecessary increase the value of stock.
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