Change in inventories
This query is : Resolved
01 May 2014
Hi all,
I came through this P&L Account of a manufacturing company which had cost of material consumed, but the change in inventories of finished gods was nil. Does this mean there was no production during the year or has the whole production been sold off.?
Please Clarify
I came through this P&L Account of a manufacturing company which had cost of material consumed, but the change in inventories of finished gods was nil. Does this mean there was no production during the year or has the whole production been sold off.?
Please Clarify
01 May 2014
u need to ask the accounts manager in this regard in case of manufacturing co there cannot be nil finished goods.
Nikhil Kaushik
(Expert)
01 May 2014
if there is no changed in inventories, it could also mean that cost of opening finished goods and closing finished goods is constant...
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