Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

A company has a stock ( book value ) valued 20,0 . The market is booming and the same stock can be sold at 250.

What action accountant should take ? Does he have to do any entry in the books ? if yes please explain?

Accounting
user-image
Question added by SREEDEVI SUNILKUMAR
Date Posted: 2014/04/09
Upvote (2) Views (7) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Anwar ul haque
by Anwar ul haque , finance manager , Silver shore trading llc

inventory should be at lower of cost or NRV

so accountant shouldnt do anything instead ask sales people to sell the stock

Write Your Answer
More Questions Like This