Whether in Notes to accounts shown as
This query is : Resolved
12 August 2025
In Notes to Accounts of financial statements, both Cost of Material Consumed and Changes in Inventory are generally shown, but as separate disclosures or under specific heads depending on accounting policies.
How these are usually presented:
Cost of Material Consumed
This is disclosed as part of the "Cost of Materials Consumed" or "Raw Material Consumed".
It shows the value of raw materials used during the period.
Often includes details like quantity and cost per unit if required.
Changes in Inventory
Usually disclosed under "Changes in Inventories of Finished Goods, Work-in-Progress, and Stock-in-Trade".
This shows the increase or decrease in inventory values during the period.
It explains how closing and opening inventory differ and impacts the cost of goods sold.
How these are usually presented:
Cost of Material Consumed
This is disclosed as part of the "Cost of Materials Consumed" or "Raw Material Consumed".
It shows the value of raw materials used during the period.
Often includes details like quantity and cost per unit if required.
Changes in Inventory
Usually disclosed under "Changes in Inventories of Finished Goods, Work-in-Progress, and Stock-in-Trade".
This shows the increase or decrease in inventory values during the period.
It explains how closing and opening inventory differ and impacts the cost of goods sold.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
