Dear Friends
If any body can clear my view i will be happy. My Query is that how can we give the entry for the Expiry stocks return from parties. The sale transaction happened for the last 2 years back where the expiry stocks received after two years.
1) I want conclusion that if the same expiry stocks received by the Manufacturers how the entry will be given.
2) If the sale returns of expiry goods can be adjusted to the current year sales?
3) If the expiry goods received by the manufacturer, how can they give entry in their books, I mean cost of expiry goods can be booked as a expenditure separately or can be adjusted to current year sales.
4) Request to provide the Entry formation in the books of Accounts.
With Regards
Sreenivasa rao
CAclubindia
