How can we value the empty cans/empty bottels which are laying in the stock.........?? what are the applicable standards/ASI
Ramesh Eppakayala (Chartered Accountant) (69 Points)
19 March 2010How can we value the empty cans/empty bottels which are laying in the stock.........?? what are the applicable standards/ASI
Vinay Chopra
(CA )
(197 Points)
Replied 20 March 2010
hi,
Firstly see how material is it.........if it is material you can value them on NRV.
Rajat Singhal CA,CS,CFA
(Senior Manager (F&A))
(254 Points)
Replied 20 March 2010
Hello Ramesh,
Please clarify whether the empty botteles/cans are reusable, i mean like beverages co. do.
If the bottles are reusable, then these cant be classified as inventory.
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