Easy Office

write-off expired inventories

This query is : Resolved 

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?



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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries