Is there any Format for doing AS2 Calculations. Pl. provide.
Thanks in advance :)
6 Replies
CA Mrinal Gunjan
(CA)
(131 Points)
Replied 21 May 2010
the normal stock register can b taken as a format.
Anand
(CWA (final) Asst Manager)
(49 Points)
Replied 21 May 2010
There is no particular format.
But it should have minum columns of -
Item No, Item Descripttion, Location, Qty, Rate, Inventory Value
Following points should be noted while valuating the inventroy -
1) The inventory should be valued at lower of cost and net realisable value
2) The costs should consists - Cost of Purchase, Cost of Conversion and other costs that incurred in bringing the inventories to their present location and condition.
(Guest)
Deepika,
Please refer the below mentioned link……..
/forum/as-2-question-help-79997.asp
Regards
K.Ilayaraja
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