Valuation inventory
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2011
1.Is Impairment expenses includes cost production for valuation inventory?
If not why?
What about printing & stationery , postage and telegram expenses?
If not why?
What about printing & stationery , postage and telegram expenses?
23 November 2011
Cost of production is an important ingredients for valuation of finished goods. But in case of inventories only those costs are included which are incurred to carry on inventory to its current position.other expenses as mentioned by you is overhead and allocated on all applicable departments. These are not included while valuing inventories.
Message likes :
1 times
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
