Accounting principles inventory
This query is : Resolved
23 December 2022
Why is there a difference between change in inventory value and the difference between inventory vale of previous year and current year?
26 December 2022
It's valued on the basis of cost or market price which ever is less.
Hence inventory value change.
Hence inventory value change.
26 December 2022
Actually my question is that in the balance sheet item if you calculate the difference between the value of inventory from previous to current year of any company it is different from the item of P&l 'Changes in inventory value'. However both method for calculation of inventory is same for balance sheet and P&L is the same
26 December 2022
I can't understand your query.
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