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CAF Inventory which method we should follow for sale of abnormal item

Accountancy

In inventory valuation what is the effect of abnormal sales? Method1 We must deduct book value of abnormal goods from stock and sale of abnormal item from total sales Method2. Deduct sale of abnormal item from total sales and deduct loss on sale of abnormal from gross profit


MATURU HAMSA GAYATRI

MATURU HAMSA GAYATRI

CA Final

23K+

27-May-21 17:14

543

Answers (1)

Follow Method 1


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