how to calculation realisation value of clossing stok
eg: opening stock value is 1000 purchase this year value 500 sale value is 400 clossing value is tally show 1100 we want realisation value of clossing stock
Menu
Realisation value
Replies (2)
Net Realisable Value of stock is the net sale realisation (Market price) excluding all the expenses directly and exclusively relatable to the sale (Sale commission, Brokerage etc) from the Sale Realisation.
As Per Accounting standard 2, Inventories shall be measured at the lower of cost and net realisable value.
Rs 11000 which is arrived represents the cost of closing stock.
U can check the quality of stocks
check the recent invoice prices of stock
Recent Topics :
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
Related Topics :
CAclubindia
