Buying commission
This query is : Resolved
PRADEEP REDDY
(Querist)
06 December 2012
Hi sir..
can buying commission paid on raw material can be added to purchases ?
can buying commission paid on raw material can be added to purchases ?
Amol S Joglekar
(Expert)
06 December 2012
Not a prudent accounting policy. It should be a profit & loss item and not Trading/ Manufacturing a/c item
PRADEEP REDDY
(Querist)
06 December 2012
sir, can you please give me the reference of relevant AS
Amol S Joglekar
(Expert)
06 December 2012
AS 2 deals with valuation of inventory
PRADEEP REDDY
(Querist)
06 December 2012
Thanks a lot sir for prompt reply
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