Inventory valuation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2011
whether rovision for gratuity forms part of cost of inventory?
CA Pushpendra Gaur
(Expert)
03 October 2011
no it does not form part of cost of inventory as it is administration cost and as per AS -2 Inventories it does not form part of inventory
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