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Consignment

Iam not able to understand how to evaluate stock reserve in this question. See the attachment pls

Attachments

IMG_20200917_143729.jpg


Anirudh gupta

Anirudh gupta

CA Inter

20K+

19-Sep-20 10:57

26

Answers (8)

Best Answer

Sir here is the problem

Both assumptions are possible. If you see entire stock - price has been reduced. So accordingly reserve is to be reduced.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Sep-20 14:09

2000 * 40 - 10%


Suraj Lakhotia

Suraj Lakhotia

Admin

19-Sep-20 15:12

2000 * 40 - 10%

Why to deduct 10% sir


Anirudh gupta

Anirudh gupta

CA Inter

20K+

20-Sep-20 08:45

Why to deduct 10% sir

Reduction in value due to decrease in price.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Sep-20 08:48

Reduction in value due to decrease in price.

Sir there is a same problem in icai book but he did not take any reduction sir.


Anirudh gupta

Anirudh gupta

CA Inter

20K+

20-Sep-20 09:16

Sir there is a same problem in icai book but he did not take any reduction sir.

Can you please share?


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Sep-20 13:08

Can you please share?

Sir here is the problem

Attachments

IMG_20200920_131229.jpg

IMG_20200920_131315.jpg


Anirudh gupta

Anirudh gupta

CA Inter

20K+

20-Sep-20 13:13

Give an appropriate note in exams


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Sep-20 14:10