Stock statementt

370 views
User Avatar

709 Points Posted on 03 May 2023
Hi, the stock statement submitted to the bank and the sale which is shown in the stock statement is with a tax or without a tax.
0 Reply Share Follow
On 03 May 2023 at 17:19 Report
Replies (2)
Quick Summary
This discussion seeks to clarify whether the stock statement submitted to a bank includes or excludes tax. It also touches upon the fundamental accounting principle of stock valuation, which typically involves valuing inventory at the lower of cost or net realisable value (NRV).

User Avatar

Profession
28271 Points Posted on 04 May 2023
Inventoory/ stock forms an integral part of the business. Stock valuation at cost or market whichever is less.
Reply
On 04 May 2023 at 08:03
User Avatar

4 Points Posted on 05 May 2023
Cost or NRV whichever is less
Reply
On 05 May 2023 at 00:04

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading