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Treatment of repair expense

This 2500 is spent for repair of damaged radio sets in the closing inventory. Will this be included in the cost of closing inventory? Why or why not?

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Aman Mahajan

Aman Mahajan

CA Inter

18K+

03-Dec-20

31

Answers (1)

Best Answer

It will not be included. It does not improve the state of radios.


Suraj Lakhotia

Suraj Lakhotia

Admin

03-Dec-20

All the Best
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