Imported Raw Material Valuation
This query is : Resolved
10 September 2009
Dear All,
In my company I have imported raw material.
At the closing of the year how I valued raw material.
Seprate for Raw MAterial imported and domestic
or
Average the rate with all raw material and valued?
Which is proper way.......
In my company I have imported raw material.
At the closing of the year how I valued raw material.
Seprate for Raw MAterial imported and domestic
or
Average the rate with all raw material and valued?
Which is proper way.......
10 September 2009
Average rate is not the proper way. It may reduce/enhance the value of imported raw materials. So,value it separatly but you may not show it separatly like domestic or imported.
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