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Evaluation of the goods in transits by using of; a) Weighted average b) FIFO c) Cost or market, whichever is less d) Not any of the above

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Question ajoutée par Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial
Date de publication: 2014/05/02
Rashad Moursi
par Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial

answer ( D ) not any of the the above,  Goods in transits evaluate stated at  cost.

 

Zeeshan Ehtisham
par Zeeshan Ehtisham , Head of FP&A and Business Control , Tanmiah Food Group

The question is really very unclear but if it is the valuation in transit from seller to buyer the valuation is not done in stocks instead in a separate account until your goods arrive and if this is intransit while in possession of the organization the valuation should be consistent with the company policy

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