Valuation of inventory
This query is : Resolved
17 November 2011
Whether Purchase Commission paid to some commission Agent is a part of Cost of Purchase ?
Further whether this will be included in the closing stock valuatoin if all the purchases are lying in the stock..?
Please support the answer with some reference.
Further whether this will be included in the closing stock valuatoin if all the purchases are lying in the stock..?
Please support the answer with some reference.
18 November 2011
(a) Yes
(b) Subjected to TDS, the commission payable
(c) In the Inventory Grouping add the Commission paid.
(b) Subjected to TDS, the commission payable
(c) In the Inventory Grouping add the Commission paid.
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