stock statement rate??

18 August 2018

i just want to know that ,, what rate should we take while making a stock statement .. ? purchase rate or selling rate??

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 18 August 2018

If trading then take Purchase cost (Basic value without GST/ any Tax)

If manufacturing then seggregate the stocks in thats stage and claculate Values (WIP, Finished Goods, Raw Material, Semi FG)

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rama krishnan (12244 Points)
Replied 18 August 2018

cost price or net realizable value whichever is less need to be taken for computation of closing stock

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Ravi Sharma (78 Points)
Replied 18 August 2018

ok sir tnkcc u so much

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 18 August 2018

Originally posted by : Ravi Sharma
	ok sir tnkcc u so much

YOU ARE WELCOME

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