Regarding closing stock
This query is : Resolved
05 June 2014
in balance sheet closing stock of the year at cost or NRV whichever is lower is shown. then what about the the stock of previous years which is still remaining in godown??? where we will show such stock??
05 June 2014
need to be valued the previous year stock also and make the necessary adjustment accordingly in the books
06 June 2014
the closing stock in balancesheet should include all the stock lying with the company.
Guest
Guest
(Expert)
06 June 2014
stock of previous year means..
closing stock should inculde all types of stocks na... opening, purchase ...
closing stock should inculde all types of stocks na... opening, purchase ...
07 June 2014
Closing stock includes stock as on balance sheet date. So it includes stock of earlier year unsold.
07 June 2014
you have to take all stock in hand on dt 31.3.... stock at job worker, or godown, or in factory. or in shop. all stock will taken on 31.3....
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