Closing stock

This query is : Resolved

SHILPA MAHAJAN (Querist)
Follow

16 December 2011 Please clearify whether we have to recognise closing stock in a concern following cash system of accounting?

Aijaz Shaikh (Expert)
Follow

18 December 2011 Closing Stock has to be recognised irrespective of method of accounting.

ABHISEK TOSNIWAL (Expert)
Follow

19 December 2011 Yes closing stock has nothing to do with the system of accounting followed by an entity.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess