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Closing stock in first year over or under valued find out in next year closing as over or under valued need no rectification

Created by : p-rak , Technocrat, S Tech  | 09 27 2011 12:36:07 +0000
Keywords : closing stock in first year over or under valued find out in next year closing as over or under valued need no rectification
Activity:  61 views;  last activity : 09 27 2011 12:38:28 +0000
 
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Closing stock in first year over or under valued ,find out in next year closing as over or under valued , needs no rectification in the book of accounts is it right or wrong . No effect on figures carried forward ,is it true . what is the result . what is std practice . what is time level to take rectification.
By p-rak , Technocrat, S Tech  | 09 27 2011 12:39:34 +0000
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Argue for "Needs Rectification"
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