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Valuation of Inventory

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Querist : Anonymous

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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
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
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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