accounting treatment
This query is : Resolved
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
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
(Expert)
17 January 2011
Packing materials not a part of inventory so valuation may not as per AS-2
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