Auto Dealership Car Vehicle Closing Stock Valuation
This query is : Resolved
Quick Summary
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
Gokul Sharma
(Expert)
14 August 2024
better to book incentives in other income.
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?
But unsold stock ,to come at correct valuation ,is it appropriate to reduce MAC [Wholesale Incentive] & DRF from Closing Stock?
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