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

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
What should be the accounting entry for the cost arising for developing an Accou...
Posted by:
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 added by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date Posted: 2014/04/09

Upvote (2) Views (8) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by 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

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

The stock is valued at ?
Top Answer: <p>ANSWER D : <strong> Cost price or market price whichever is lower</strong></p> ... See More

Answers (8)
You are the project manager at a manufacturer of electronic components. Your company had been a long time market leader ?
Top Answer: Yes, the estimates are from the project team members See More

Answers (16)
How does a company ensure that their physical inventory matches what is there in the account books?
Top Answer: A First check the account records and valuation amount of inventory in books B inspect physical inspectio ... See More

Answers (8)
Exe Ltd sells goods on credit to Wy Ltd for £3000. Which of the following accounting entries correctly records this transaction?
Top Answer: <p>b. Debit Wy Ltd, credit sales £3000</p> <p> </p> <p>When you sell goods ... See More

Answers (12)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.