HOW IS YEAR ENDING STOCK VALUED IN A MANUFACTURING UNIT?
WHAT ALL POINTS ARE TO BE KEPT IN MIND WHILE DOING SO?
PLEASE EXPLAIN
THANK YOU,
REGARDS,
DEVENDRA
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Stock Valuation
Replies (1)
at cost , FIFO system, exclusive or inclusive of tax as per accounting pattern used in the unit.
certain percent of materials may remain in "work in progress" it may be certified by the owner or management.
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