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In this unit you will learn how the value of unsold goods is worked out and recorded in books of account.
List the expenses taken into account while valuing the unsold stock.
Answer
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Written on Apr 24, 2019 12:37:40 PM
Following expenses are usually added for calculation of closing stock.
i.Carriage and Freight
ii.Loading Charges
iii.Customs Duty
iv.Clearing Charges
v.Dock dues
vi.Carriage paid upto the godown
vii.Unloading Charges