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Stock valuation

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(Querist)
28 August 2012 We are taken all of taxes under purchase A/c which includes Purchase (Goods Price) 50,000/- Vat 1,000/- and TCS 510/- hence Purchase A/c Shows 51,510/- Balance. It means Valuation of stock is 50,000/- or 51,510/-?
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Arun Biyani

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Arun Biyani (Expert)
28 August 2012 50000, also the vat and tcs should be shown sepratly and should not become part of the cost of purchase as both these taxes are adjustable.
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