Current Assets (II)

  • Robin John Limmack


In Chapter 9 a description was given of the procedures involved in the determination of stock cost for manufacturing organisations. In the current chapter one further problem involved with the identification of the cost of goods sold expense and closing stock values will be considered. This problem, involving the determination of the order in which stock costs are to be recognised, is present for trading, as well as manufacturing organisations.


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Notes and References

  1. 1.
    Accounting Standards Committee, Stocks and Work-in-Progress, SSAP 9 (1975) Appendix 1, para. 12.Google Scholar
  2. 2.
    Ibid., para. 22.Google Scholar
  3. 3.
    Ibid., para. 27.Google Scholar
  4. 4.
    Ibid., Appendix 1, para. 23.Google Scholar

Copyright information

© Robin John Limmack 1985

Authors and Affiliations

  • Robin John Limmack
    • 1
  1. 1.University of StirlingUK

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