When it is possible that stock can lye with third party? I read it in verification of assets-stock lying with third party. But i cannot understand anything what it wants to tell at all.Is it also same like consignment stock or goods sent on sales or return basis? Please explain me this fully.Thank you every one whosoever replies me.
Menu
i cant understand
Replies (1)
Most common example are, Stock lying with:
1. Customer where bill has not been raised.
2. Warehouse for storage.
3. Supplier where bill has been received but material has not been delivered.
4. Agent.
5. Sellers/Showrooms where it sent on payment on sale basis (Electronic & car cos practice it).
6. Transporter (In transit).
Recent Threads
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
Related Threads
CAclubindia
