Whether the excess stock found during the search operations in a jewellery shop has to be valued at cost price or market price, when the market price is higher?
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SEARCH & SEIZURE - STOCK VALUATION
Replies (2)
where the stock is found "unaccounted" ........where does the question of "cost price" arise?
in my opinion excessive stock will be valued at f.m.v i.e market price
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