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Closing stock

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(Querist)
07 October 2016 how to calculate closing stock construction company which method/IAS ..

Civil construction contract work with material

Purchase material -14090238

Direct exp-5914462

work done completed
sale/income booked-19000000
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 October 2016 If completed no W.I.P. Have to follow AS-7.
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MANAS RANJAN

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MANAS RANJAN (Querist)
08 October 2016 AS-7 APPLICABLE ON BUILDER PCM CALCULATION. BUT HE IS CIVIL CONTRACTOR RUNNING ACCOUNT BILL RAISED TO BUILDER.
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