Interested to Buy Any Domain ? << Click Here >> for more details...
How tha valuation of Inventory should be done?
- 3 Answers
- 10651 Views
- Deloitte, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Inventory should be valued at Cost or Market value whichever
is lower. This is based on the principle of conservatism.
It's also expressed as 'Lower of cost or realizable value'.
| Is This Answer Correct ? | 31 Yes | 1 No |
Post New Answer View All Answers
what are the extraordinary items?
What are the different branches of accounting?
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received
In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
saji become insolvant -what is journal entry
what is the last date of deposit TDS on liability for the assessment year 2010-11
What is batch input? why we use batch input session in SAP(FICO)?
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
Tell me about a situation where you showed determination?
We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
What is the use of form D in sale tax
what is the due date of 28th feb
