Valuation of Goods

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..... Valuation of Goods
Query (Issue) Started By: - sunil bandekar Dated:- 9-1-2014 Last Reply Date:- 9-1-2014 Accounting - Auditing
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Companies Law
The raw material which is purchas .....

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..... e is been used to manufacture two finished products. Both the products require same material with only one raw material with lesser quantity and amount. How to value both the products at the end of th .....

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..... e Year? Is the raw material purchased has to be bifurcated between two products at GRN level and maintain separately as stock OR can be taken into stock as it is and then issue as per requirement? Pl .....

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..... ease Suggest. Reply By CA GOPALJI AGRAWAL: The Reply: Inventory has to be valued at lower of cost or net realisable value. Raw material is valued at cost unless the final products is expected to fe .....

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..... tch the NRV lesser than cost. There is no need to bifurcate the raw material as such product qua.
Discussion Forum - Knowledge Sharing .....

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