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Treatment of repair expense

Accountancy

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?

IMG_20201203_163447.jpg
Aman Mahajan

Aman Mahajan

CA Final

★ 19K+

03-Dec-20 16:36

626

Answers (1)

Best Answer

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

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

03-Dec-20 20:46

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