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Stock valuation

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2013 suppose mr.x has flour mill..his flour packets of rs.10000/-have the expiry date of before 31.03.20xx then.how would we value the stocks...whether this 10000 would be traeted as scrap.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 June 2013 Need to treat as scarp and value as net realisable value
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 June 2013 Need to treat as scarp and value as net realisable value




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