IN OUR COMPANY (STOCK BROKER AT BSE-NSE-MCX) WE HAVE PURCHASED BULK STATIONARY OF HOWEVER THERE IS UNUSED STOCK AT YEAR END,
SHOULD I TREATE IT AS CONSUMABLES AND STORES AS CURRENT ASSETS IN BALANCE SHEET AT YEAR END FOR SUCH UNUSED STOCK AT YEAR END?
KINDLY PROVIDE ANS BASED ON ACCOUNTING STANDARDS/GUIDANCE NOTES/CASE LAWS ETC IN THIS REFERENCE
IN OUR COMPANY( STOCK BROKER AT BSE-NSE-MCX) WE HAVE PURCHASED BULK STATIONARY OF HOWEVER THERE WAS UNUSED STOCK AT YEAR END, SHOULD I TREATE IT AS CONSUMABLES AND STORES AS CURRENT ASSETS IN BALANCE SHEET AT YEAR END FOR SUCH UNUSED STOCK AT YEAR END ? KINDLY PROVIDE ANS BASED ON ACCOUNTING STANDARDS/GUIDANCE NOTES/CASE LAWS ETC IN THIS REFERENCE
Read more at: /forum/accounting-of-stationary-stock-220680.asp#.UFbxp653fCM
Read more at: /forum/accounting-of-stationary-stock-220680.asp#.UFbxp653fCM
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