Can anyone explain explain the point of iii part in question no 01.......
Balachandar S
CA Inter
★ 59K+
31-Oct-22 04:09
654
Answers (2)
Best Answer
The answer is false because, it's recurring expense to the firm. Even if you don't store those inventories in Warehouse, you must pay those expenses. Hence, it should not be included in the cost of inventory.
Naresh Sundar
CA Inter
★ 2K+
31-Oct-22 07:15
look at b) under exception of cost of inventory...it says storage cost shouldn't be included
