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write-off expired inventories

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05 November 2007 hi
the organization deals in distribution of health drink. In meanwhile the inventories expired, how to write-off the the expired inventories?

regards

S.Jha

05 November 2007 Have you made any Provision?

05 November 2007 I personally feel that in closing stock valuation this expired inventories may be excluded at theri cost price.This procedure automatically reduce the profit.

But what is the procedure followed in earlier period to be seen.

quantity details may be required.




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