Hallow Friends,
Pl. tell the procedure and calucation formula for valuation for closing finished stock and work in progress.
thanks
Ram Kishan
Hallow Friends,
Pl. tell the procedure and calucation formula for valuation for closing finished stock and work in progress.
thanks
Ram Kishan
As Per AS 2 issued by ICAI Closing Stock has to valued at FIFO or on Weighted average. LIFO is not recomended.
Please see this link
/articles/article_list_detail.asp?article_id=281
Thanks for this valuable article
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