01-23-2010, 01:42 AM
hi,
i had a query relating to the stock in transit treatment in statement of COGS.
should we deduct the stock in transit along with the raw material closing stock, while making the COGS statement or not.
also what is the right treatment of recording sto k in transit, whether to record in the purchases or to record it seperately????
reply ASAP.
Regards,
krebs38
i had a query relating to the stock in transit treatment in statement of COGS.
should we deduct the stock in transit along with the raw material closing stock, while making the COGS statement or not.
also what is the right treatment of recording sto k in transit, whether to record in the purchases or to record it seperately????
reply ASAP.
Regards,
krebs38
