Hello Expert,
can you please confirm the treatment of freight cost incurred from plant to Depo as part of Inventory cost or need to charge it to P&L as and when incurred?
According to me it needs to be Inventoried as definition says "present condition & location".
Thanks in advance.
Ashish
Yes it is included in the inventory
Aggarwal Sarawagi and Co
New Delhi
CA
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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