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Auto Dealership Car Vehicle Closing Stock Valuation

This query is : Resolved 
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(Querist)
13 August 2024 Auto Dealership Car Vehicle Closing Stock Valuation : Is it right to Reduce Incentives like MAC , DRF to reduce from Year End Closing Stock ? Please guide as per IndAS.Thanks
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Gokul Sharma

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Gokul Sharma (Expert)
14 August 2024 better to book incentives in other income.
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pfcollect

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pfcollect (Querist)
14 August 2024 That is already done ,taken as income
But unsold stock ,to come at correct valuation ,is it appropriate to reduce MAC [Wholesale Incentive] & DRF from Closing Stock?
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