In regarding of application of as-2
This query is : Resolved
21 July 2012
Sir,
In a Company in F.Y. 2010-11 Total Closing Stock is less than 50 Crore and in F.Y. 2011-12 Closing Stock is 100 Crore, I want to know that in F.Y. 2011-12 We have done valuation of closing stock at market Price or application of Accounting standard-2.
Please Reply my query.
Thanks
In a Company in F.Y. 2010-11 Total Closing Stock is less than 50 Crore and in F.Y. 2011-12 Closing Stock is 100 Crore, I want to know that in F.Y. 2011-12 We have done valuation of closing stock at market Price or application of Accounting standard-2.
Please Reply my query.
Thanks
24 July 2012
Your query is not clear... However, it is not necessary that a stock in current year can not be double the stock what was in previous year....
You may like to go through the purchase and sale, also try to find if there any change in the method of valuing the stock,.
You may like to go through the purchase and sale, also try to find if there any change in the method of valuing the stock,.
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
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- EXPORT COMMERCIAL INVOICE HSN CODE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Cash balance limit and property purchases limit
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
