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CARO 2020 inventory verification

Accountancy

What does the clause on inventory of Caro 2020 mean by discrepancy of 10% or more ??

Atharv Sankliya

CA Final

★ 3K+

22-Jan-23 23:48

323

Answers (3)

when physical verification happens there may be change in figures(discrepencies) from values shown in books right if such discrepencies are > 10% then u disclose in CARO report

Harshitha Kalidindi

CA Final

★ 46K+

23-Jan-23 08:12

Harshitha Kalidindi

when physical verification happens there may be change in figures(discrepencies) from values shown in books right if such discrepencies are > 10% then u disclose in CARO report

What are the example for this discrepancy

Thread Starter

Atharv Sankliya

CA Final

★ 3K+

25-Jan-23 17:24

Thread Starter

Atharv Sankliya

What are the example for this discrepancy

Difference between what is shown in inventory records vs what is physically present.

CA Suraj Lakhotia

Admin

30-Jan-23 17:20