Here any body know , any difference between simple average and simple weighted average for valuation of closing stock .plz tell me
CA lakshmikanth (Chartered Accountant) (238 Points)
04 August 2010Here any body know , any difference between simple average and simple weighted average for valuation of closing stock .plz tell me
CA Amit Kumar Khaitan
(Research Analyst)
(360 Points)
Replied 05 August 2010
For a case
Item A 12 Kg @ Rs. 100
Item B 100 kg @ Rs 56
Simple Avg (100+56)/2 = Rs 78
weighted average (12*100+100*56) / (12+100) = Rs 60.71
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)