stores and consumables as inventory?
Taranjeet Kaur (7 Points)
04 February 2019
are stores and consumables to be treated as inventory or PPE
6 Replies
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907)
(1306 Points)
Replied 04 February 2019
inventory .
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907)
(1306 Points)
Replied 04 February 2019
as per indas also it is treated as inventory
Taranjeet Kaur
(7 Points)
Replied 04 February 2019
what will be the treatment of consumption of such inventory? whether to be treated as consumption of material or other expenses in statement of profit and loss.
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907)
(1306 Points)
Replied 04 February 2019
other expenses.
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