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
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Income of an individual
- In Exports Sales HSN details where to fill
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
