Wastage material at zero rates
This query is : Resolved
Shila Ghimire
(Querist)
01 August 2012
During audit i came to one situation. Co. is giving its wastage stock to customer at zero rate with approval of MD. Can co do so? Please help me out.
CA Chandresh Agrawal
(Expert)
01 August 2012
Yes co. can do so .. if u r internal auditor then u cn raise this query bt for tht u hv to prove tht its saleble in the market. and if u r statutory auditor then its fine
CA Ayush Agarwal
(Expert)
08 March 2013
If You are Statutory Auditor Then Also You Should raise This Issue (If and Only if This is Salable in Market).
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