Critical and non critical inventory
This query is : Resolved
02 January 2013
sir pls explain me the difference between critical and non critical inventory....
04 January 2013
Dear sir ,
The difference between crtitical and non critical inventory is that ----
CRITICAL INVENTORY IS THE INVENTORY WHICH IS REQUIRED FOR THE SURVIVAL OF THE COMPANY ....
NON CRITICAL INVENTORY IS THE ADDITIONAL INVENTORY .... WHICH ARE BASICALLY ACCESORRIES OR ANCILLIARIES ...
in costing we have ABC ANALYSIS ---- A CATOGORY STOCK IS CRITICAL INVENTORY .....
C CATEGORY IS NON CRITICAL INVENTORY ....
The difference between crtitical and non critical inventory is that ----
CRITICAL INVENTORY IS THE INVENTORY WHICH IS REQUIRED FOR THE SURVIVAL OF THE COMPANY ....
NON CRITICAL INVENTORY IS THE ADDITIONAL INVENTORY .... WHICH ARE BASICALLY ACCESORRIES OR ANCILLIARIES ...
in costing we have ABC ANALYSIS ---- A CATOGORY STOCK IS CRITICAL INVENTORY .....
C CATEGORY IS NON CRITICAL INVENTORY ....
18 January 2013
I agree with the expert. In addition to this Critical inventories are very costly and requires time to time physical verification. These type of inventories required to be stored under the supervision of responsible officers.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
