What is the treatment of loose tools as per Cost Accounting in detail?
What is the treatment of loose tools as per Cost Accounting in detail?
Dear Nikita
Loose Tools are part of Mills Stores Inventory.
This are Indirect Cost of production/ Factory Overheads.
Generally Valued at Cost of purchase.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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