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inventory write down

This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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July 20, 2021 at 12:51 pm #628912
Noah098
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sir any inventory write down is recorded in cost of sales(in SPL), right? or is it included as a part of operating expenses?
July 21, 2021 at 7:14 am #628963
Stephen Widberg
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COS (unless very exceptional circumstances – fire or flood)
July 21, 2021 at 9:09 am #628980
Noah098
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So you are saying in normal circumstances any write down will be included in COS, and in case of fire or flood we recognise it as a part of Operating expenses?
July 22, 2021 at 7:08 am #629069
Stephen Widberg
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Yes
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