stock Revaluation 0.0 / 5 ? Accountingstock valuationASOCR Created by: NatoNathanCreated on: 16-02-17 15:15 Line 1 Original valuation (at date after year end) 1 of 11 Line 2 Add Sales (at lower of cost or NRV) 2 of 11 Line 3 Less Purchases 3 of 11 Line 4 Less Sales returns (at lower of cost or NRV) 4 of 11 Line 5 Add Purchases returns 5 of 11 Line 6 Add Goods for private use of owners(drawings) 6 of 11 Line 7 Less Free samples (if included in valuation) 7 of 11 Line 8 Less obsolete/out of date/damaged(difference in value) 8 of 11 Line 9 Add Sale or return (if not included in valuation) 9 of 11 Line 10 Add Exhibition goods (if not included in valuation) 10 of 11 Line 11 Revised valuation (at year end) 11 of 11
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