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Valuation of closing stock available at warehouse

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(Querist)
25 June 2021 A company sends some materials to its warehouse and incurs freight which is subsequently recovered from the buyer separately.

Whether such freight is to be included in cost or NRV or both for valuation of stock purpose.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
25 June 2021 When such freight is recoverable separately it will not form part of value of stock.

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