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Financial statements of co
Accountancy
Why they didnt take food stuff in this adjustment of changes in inventories (illustration 4 of icai module).
Answers (2)
It's only for inventories and here we assume that cigarettes and wines are identifiable. therefore, they consider wines cigrettes are inventories ... And food stuffs are considered as materials and the same they shown in the cost of materials consumed workings.
Jashvanth.K
It's only for inventories and here we assume that cigarettes and wines are identifiable. therefore, they consider wines cigrettes are inventories ... And food stuffs are considered as materials and the same they shown in the cost of materials consumed workings.
Even if you take in change of inventory final answer would be the same.
