Inventories defined and Rule 3 (5B) of CCR

Manoj Pala | Last updated: 05 August 2011

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INVENTORIES defined and read in terms of Rule 3 (5B) of CCR; Inventories are assets (current assets) which encompass a)RAW MATERIALS held for use in the production process or in rendering of services b)Stores, maintenance supplies, loose tools and consumables awaiting use

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About the Author

Manoj Pala

Sr. Manager Accounts

JSK (Jai Shri Krishna) --myself, Manoj Pala, an AICWA... currently working as a Sr. Manager AccountsinSIEMENS LTD.,Mechanical Drives Division in Kharagpur, West Bengal.

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