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
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
