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Opening Stock

This query is : Resolved 
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(Querist)
01 February 2009 Dear sir

Please give knowladge for opending stock is assets / exp

if expences please give reason


for imporve me knowladge

please give reply

its very urgent


Deepak Gagrani
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
01 February 2009 Opeing stock is asset.

Since it has realisable value it is treated as asset.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
02 February 2009 Yes, it is an asset as it carries value.
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Deepak Gagrani

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Deepak Gagrani (Querist)
02 February 2009 Dear sir

first i give thank for give your valuable time for my Que


but material purchase in current year ( current assets ) but C/F in next year

that the time ? ---------------called


please give reply
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