Closing stock valuation

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Bhavya (Querist)
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29 September 2011 Shld the Charges paid for Demmurrage,Octroi,Clearing on closing stock be added as on 31.03.11 ??
And if Yes then how do we account it in Tally for valuation purpose..

Ravi

Ravi (Expert)
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29 September 2011 demmurage a/c dr
octroi/ clearing chrgs. a/c dr
to closing stock

Aditya Gopinath V

Aditya Gopinath V (Expert)
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01 October 2011 Whatever.expenses you incur from your pocket are to be added. So all the duties which u.incur and are not going to be recovered from the customer are a part of stock.