Atharv Sankliya (1356 Points)
05 December 2022
Uttam Gagan18
(Accounts & Finance Professional)
(19 Points)
Replied 05 December 2022
What kind of Raw material you want to keep for 10 years?
Is it liquor?
Then just do purchase entry only.
And it will part of closing stock until & unless you sell this.
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 06 December 2022
Iron is also anorher example i guess. Keep purchases and keep on adding costs of holding inventory annually to the cost of inventory
CAclubindia
