Difference between Physical stocks values and System values
Ebenezer Adade (9 Points)
28 February 2023
what is the effect when physical stocks values differs from system values?
1 Replies
CA Raj Doshi
(Practising CA)
(8935 Points)
Replied 28 February 2023
Value the stock as per accounting standard. Reconcile quantities inthe system to match the physical stock. Major variances be studied and be checked for frauds
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