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please could you tell Meaning of this sentence
2300 had been written off certain stock which was poor selling line, it having a cost of rs 6900
Replies (3)
It means a stock in order to bring to current realisable value amount of 2300 was written off as unrealisable value and stock was brought to current value following as 2 principle
cost was 6900 but due to less realizable value 2300 is written off means stock is now shown at a value of 6900 minus 2300 that is 4600
stock value. =6900
less: written off. =2300
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closing value. =4600
less: written off. =2300
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closing value. =4600
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