Valuation of Inventory
This query is : Resolved
S. M. Desai
(Querist)
08 September 2010
Dear All,
X company buys tailored made material at Rs. 100 per kg. But once the material is accepted by the company and if it wishes to sell the material immediately still company will have to sell the material at scrap rate i.e. half of the cost price. In this scenario, how the company should value its raw material in stock?
X company buys tailored made material at Rs. 100 per kg. But once the material is accepted by the company and if it wishes to sell the material immediately still company will have to sell the material at scrap rate i.e. half of the cost price. In this scenario, how the company should value its raw material in stock?
CMA Ramesh Krishnan
(Expert)
08 September 2010
cost need to valued the net realisable value on material disposal
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Royalty payments to the Mining Department for procurement of murum - GST input
- Form 144 TDS Return Validation Error – Mandatory Fields
- IMS (import of goods) ITC related
- TDS- 2026-27 Q1 Correction
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
