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Reg po and invoice

Accountancy

If company A ltd issue purchase order to B ltd for 1 product amounts to 100 , they later realise the market value of the product increases and assume there may be variation in invoice . What should be the accounting treatment. Should they create provision?


Naveen kumar

Naveen kumar

CA Inter

0

30-Aug-21 14:16

522

Answers (1)

No provision needed Simply revise PO


INDRAJITH S

INDRAJITH S

CA Inter

5K+

30-Aug-21 14:50

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