Can anybody give examples of the cases where interest is included in computing the cost of inventory? or in other words cases in which interest is involved in bringing the inventories to their present location and condition?
Sourav Modi (Learner!) (306 Points)
30 June 2008Can anybody give examples of the cases where interest is included in computing the cost of inventory? or in other words cases in which interest is involved in bringing the inventories to their present location and condition?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 01 July 2008
When documents are sent through bankers with interest for the period till clearance is paid by the supplier while clearing the documents
Sourav Modi
(Learner!)
(306 Points)
Replied 01 July 2008
well, this can be a case with any stock. can you be a bit specific?
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
