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accounting treatment

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Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2011 Dear sir,
our products need to be packed in a costly material before their sale. at the moment we are debiting packing charges for purchase of packing materials. we are not considering it as part of our inventory. can we treat packing materials as part of our inventory as per as-2

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 January 2011 Packing materials not a part of inventory so valuation may not as per AS-2

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