22 January 2011
it is assumed that there is no opening stock. check wheter there is any clerical mistake in entereing consumption or physical verification. in the case of steel bar there is shortage of 50 and it is abnormal loss it will not effect the cost of production and going to effect the net profit.
in case of Alu bar total consumption and stock cannot be in excess of 1000,there is mistake in entering the data
CAclubindia
