(urgent)ipcc dept a/c doubt

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Student
81 Points Posted on 02 September 2011

Please Read The Following Pdf

Regarding IPCC Departmental Accounts Unrealised Profit In Closing Stock For Dependent Departments


My Doubt Is Which Method Of Stock Issue Is Assumed

FIFO.LIFo or Average

Attached File : 503076 820070 dept.pdf downloaded: 201 times
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On 02 September 2011 at 14:53 Report
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student
1922 Points Posted on 03 September 2011

there is no need to follow any method of stock issue as whole production of one department is transferred to another dept hence entire actual cost of the period is included for the valuation.

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On 03 September 2011 at 12:04

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