banner_ad

valuation of inventories when bank loan taken

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 August 2016 when loan to be taken from the bank than is closing stock to be valued at cost for calculation of profit to be disclosed to banks overuling the principle that stock should be valued at cost or nrv whichever is less.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
26 August 2016 you can give the statement containing both the values.....cost as well as selling price....
The bank has to take the call depending upon the situation...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details