How tha valuation of Inventory should be done?
- 3 Answers
- 9253 Views
- Deloitte, I also Faced
- E-Mail Answers
Answer Posted / umamaheshwara rao
inventory should be valued at the purchase of cost or present market value, which ever is lower.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
What is the difference between costing and cost accounting?
What is fair value accounting?
what is core accounting?
what is profit and loss(dr) in cash flow statement?
What is meant by partitioning?
which subsidiary book is source of these:debit note,credit slip,
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
how much cash transaction to single transport company per day and also per year
What is corporate assesses?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
How use Budget in SAP, i want to see the report of variant between budget and actuals.
