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

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Mujibur Rahman ACCA
04-January-2016

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

Question ajoutée par SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date de publication: 2014/04/09

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par 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

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