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Accounting treatment of raw material inventory consumption

This query is : Resolved 
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(Querist)
21 July 2023 does the raw material inventory consumption are directly booked as and when purchased or are first debited to inventory account and then consumed on accrual basis
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 July 2023 Both accounting treatment possible.
In case of directly booked as and when purchased monthly/year end stock taken and credited to p and l account.
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