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Former Member
Jul 18, 2013 at 01:24 PM

FG Stock Revaluation through MR21?

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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..

Regards,

Anil