Valuation of Closing Stock
This query is : Resolved
28 March 2009
Hellow,
Please let me know how an approved government values stock of inventory? On what basis they calculates the Prices of an inventory?
In one case they have adopted Avg Price Per Unit...What it mean? Is it a Cost P.U or Mkt Value P.U
Please let me know how an approved government values stock of inventory? On what basis they calculates the Prices of an inventory?
In one case they have adopted Avg Price Per Unit...What it mean? Is it a Cost P.U or Mkt Value P.U
30 March 2009
cost or market value which ever is less
wat ever might be the situation u should consider the lesser price
wat ever might be the situation u should consider the lesser price
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