Valuation of stock
This query is : Resolved
Shaik shah
(Querist)
05 May 2015
The client has imported the coal at the end of march 2015 and incurred LC charges on such payment.
Whether such LC charges will be included in valuation of closing stock of coal as on 31.03.2015?
Whether such LC charges will be included in valuation of closing stock of coal as on 31.03.2015?
Vishnu Saboo
(Expert)
05 May 2015
LC charges are finance related expenses, hence in my opinion this must not include
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