what will be the accounting treatment and journal entries for changes-in-inventory at the end of accounting periods ? The accounting entries in case, when the inventory got positive and negative.
please suggest .
Menu
Accounting Treatment for Changes-in-Inventory
Replies (1)
You have to use FIFO/Weighted average valuation to find the cost of inventory. That records all changes chronologically.
Recent Threads
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
Related Threads
CAclubindia
