Definition
This item comprises the value of all stocks owned by the parent enterprise and held by, or under the control of your establishment, either at the establishment or elsewhere. Stocks held at ancillary units, in bonded stores or public warehouses on consignment in transit and held by others for processing on commission are included. Excluded materials owned by others but held by this establishment for processing. In general stocks acquired from others should be valued at purchasers prices and those produced internally at producers' prices.
3.4 This item covers the value of any stocks of goods that the establishment has bought with the intention of reselling in the same form, that is without
further processing. Stocks of materials and supplies to be resold without further processing should also be included. Valuation of stocks should be
valued at same price as goods that have been shipped immediately prior to the reference date. Beginning and end of year stocks should be valued using the same prices.
