pls help
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 02 July 2011
Cost of purchase should not include trade discounts,taxes(If credit of taxes are available). If the credit of tax is available in your case than it should be valued at 95 if not available than it should valued at 98.8. In any case it should not be valued at 100.
Regards
Dayananda