Skip to Content
Former Member
Jul 18, 2013 at 01:24 PM

FG Stock Revaluation through MR21?


Dear All,

Without new Standard Cost estimation release, can we revaluate the FG with the posted Variance in the system through MR21.

We have production only four months in a year, so to get the actual cost of stock valuation.. is it suggestible (Since revaluation entry is required in the same month to prepare the exact profit and loss statement with closing stock )

In India do we have any audit issues if cost estimation is deleted.. and revaluated with MR21?

Kindly suggest..