Generally speaking, supplies of goods located in Ireland at the time of supply are subject to Irish VAT. BOSCH PURCHASE ORDER TERMS AND CONDITIONS FOR PURCHASE OF INDIRECT MATERIALS/ GOODS/MACHINERY 1. on 1stAugust it was purchased a machinery for Rs 1,20,000 onAug, 2017 it was dead clealdeporaciate it @ 10%July 2019o Otherwise known as an order letter, a letter of order is a document that confirms the details of a purchase of goods or services from one party to another. Ans. PLACE OF SUPPLY OF GOODS/SERVICES GST regime provides for taxation on the basis of intra-state or inter-state supply of Goods and Services. Postin... An increase in the price of Limca may reduce the supply of cake . Noida. …, holders' funds,Share Capital (equity12,00,000Non - current liabilitiesLong term Borrowing3. So place of supply provision determines the place i.e. A month ago you placed an order for the supply of a few sports goods. Land"OptionsI onlyIl onlyLand II onlyI, II and III, prepare income and expenditure account from the following receipt and payment account of Delhi nursing society for the year ended 31st March 2020, Hi guys! Scenario 2- ABC Ltd Delhi got the order from BCB Ltd Delhi to Supply goods to BCB Ltd Haryana then which GST has to be charge IGST or CGST/SGST..!!! You are Ravikant, sports teacher of Sunshine Public, Karol Bagh, Delhi. In this connection, Raman paid 10% of the list price as an advance … You are Rakesh/Sonia of Cambridge Senior Secondary School, Noida. Write a letter to the Sales Manager, Orient Blackson, Noida, placing an order for some books for your school library. Raman paid 10% of the list price as an advance by cheque. - Organisation of Commerce and Management - Organisation of Commerce and Management One Word Answer Write a letter to the Sales Manager, Orient Blackson, Noida, placing an order for some books for your school library. Economic Order Quantity (EOQ) Model Dr. Rakesh Kumar Assistant professor P.G.D.A.V. Bill To Ship To supply means a supply where buyer is not the recipient of goods. “Order” means an Order for the supply of Goods or Services placed by the Shopper with the Supplier. The basic principle of GST is that it should effectively tax the consumption of such supplies at the destination thereof or as the case may at the point of consumption. Make sure to take note of some of the key vocabulary that comes up in this conversation. This letter also shows … By Rakesh Sharma Updated Jan 26, 2020 The ninth episode in the Star Wars saga , The Rise of Skywalker, premiered in theaters around the world in December 2019. taxable jurisdiction where the tax should reach. Current liabilitiesTrade payables6,00,000300,000Total300,0001 ASSETS2, Non- current absents!Fixed assets18,00,000current assets,5 0006,00, Doo(Tangible )S: 00 000Trade payables200 000Cash and cash equivalentTotal, led toWritten doon value method. 8,000
(iv) Salaries due to clerks. Use Workday Punchouts for purchasing office supply products, Dell computer products, lab supplies and for catering orders with Brown First approved suppliers. One of them is calling the other to request a large number of desk units for her office. What is the need for the Place of Supply of Goods and Services under GST? Doubtnut is not responsible for any discrepancies concerning the duplicity of content over those questions. Ans. Give one word/phrase/term:An order placed by an importer for the supply of certain goods. She has paid a In other words, the place of Supply of Goods is required to determine whether a supply is subject to SGST plus CGST in a given State or else would attract IGST if it is an inter-state supply. The place of supply determines whether a transaction is intra-state or inter-state. Find the list price of the bicy... You are required to give (a) Journal Entries, (b) Nature of Account (whether Asset, Liability, Capit... What eflect does an increase in input price has on the supply of the commodity? Because such investment requires a commitment of funds, therefore a firm has to maintain inventories at the correct level. THHNHSFT Standard Terms and Conditions of Contract for the Supply of Goods (PO version) Page 5 of 54 6.1.1 the provisions on the front page of these NHS Terms and Conditions for the Supply of Goods (Purchase Order Version); 6.1.2 Schedule 1: Key Provisions; 6.1.3 the Specification and Tender Response Document (but only in respect of At a price of 10 per unit, the supply of a product is 500 units. What is the need for the Place of Supply of Goods and Services under GST? Place of Supply of Goods and Service Q 1. You are Ravikant, sports teacher of Sunshine Public School, Karol Bagh, Delhi. b. Add your answer and earn points. Viele übersetzte Beispielsätze mit "order for supply of goods" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. In this connection. An order letter is written by an individual or company requesting for delivery of goods or services that interest their line of business. Answer: Cambridge Senior Secondary School Noida 18 September 20XX The Sales Manager Orient Blackson Noida. 5,000
(iii) Rent due to landlord. Placed an order with Rakesh Mohan for the supply of goods of the list price of ? Placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 1,00,000. Dear Sir Subject: Supply of books for the School Library if the both Bill To & Ship to customer are same then GST will applicable on SHip to . “Bosch Terms and Conditions/BTC/POTC” shall mean these terms and Raghu on credit35,000, 3.Purchase Laptop for office use * 10,000., 2. 1,00,000. He wants to make a profit of 20% after allowing a dis... cost price The amount paid to purchase an articles or the price at which an article is made is kn... How does an icreasae in the price of an input affect the market supply curve ? Mr. Krishna placed an order with Mr. Shyam to supply good to Mr. Mohan. Rakesh bought a radio for Rs. He paid it for Rs. So far you have not received the goods. The questions posted on the site are solely user generated, Doubtnut has no ownership or control over the nature and content of those questions. So place of supply provision determine the place i.e. He owed us 10,000 (ii) Received cash for a bad debt written off last year. Solution of Question No 5 Chapter No 8: – Date : Particulars: L.F. Debit: Credit (i) Cash A/c: Dr. 7,500: Bad Debts A/c: Dr. 2,500: To Shyam A/c: 10,000 (Being first and last compensation received from Shyam.) The price of an article is increased by 25%the Increased in price is 10%find the new price, Prepare journal Q . It is of paramount importance to correctly classify the supply either intra-state or inter-state at the time of transaction. "What from the followingis/are NOT tangibleasset(s)?1. It usually includes more information about what you are ordering, like quantity, model number, or color, the payment terms, and the matter in which the products are to be shipped. In the case of intra-state supply, CGST/SGST is levied and in case of inter-state supply, IGST is levied. Journalise the following transactions: (i) Shyam became insolvent. 'Placed an order with Rakesh Mohan for the supply of goods at a list price of Rs100000 In this connection,we paid 10 percent of the list price by cheque in advance ' Pass the journal - Accountancy - Recording of Transactions - I Formal Letter for Placing an Order for Sports Items Equipment Sports items vary depending upon the sports played. Subject: Supply of books for the School Library Many translated example sentences containing "order for supply of goods" – German-English dictionary and search engine for German translations. VAT Place of Supply (Goods) From: HM Revenue & Customs Published: 12 April 2016 Updated: 1 March 2021, see all updates. Calculate the amount paid by a customer for an article, if its list price is Rs. Search this manual Search. 8,000 10,000 (iv) Salaries due to clerks. Declaration of HSN Code for Goods & Services wef 01.04.2021. A first and final compensation of 75 paise in a rupee was received from his Official Receiver. In this connection, Raman paid `10%` of the list price as an advance by cheque. Write a letter in 120-150 words to the Sales Manager, Olympic Sports F-12 Darya Ganj, Delhi requesting a speedy delivery of the goods. R.K. & Co.: (i) Purchased goods of list ... Vikram bought a watch for Rs 825. This letter demonstrates interest in the merchandise and the need to start a business deal. May 10, 2018 at 11:31 am manish says: It Should be IGST. I will mark us as brainliest if your answer will be correct...so hurry up. taxable jurisdiction where the tax should reach. Orient Blackson. F... Sold goods for cash of the list price of Rs 8,000 at 10% trade discount and 3% cash discount. Given that "placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 100000.In this connection raman paid 10% of the least price as an advanced by cheque", placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 100000.In this connection raman paid 10% of the least price as an advanced by cheque, (a) A taxpayer is an assessee but an assessee need notbe a taxpayer., BalanceNoteFrom the following blance sheet of limitedcompratire Blance sheetparticularon 31.03.2019 and 31, 3.2020ai 3.1I souity and liabilitiesshare A month ago you placed an order for the supply of a few sports goods. He has also re... Journalise the following transactions in the books of M/s. You can specify conditions of storing and accessing cookies in your browser. Dear Sir. 47,142. You are Rakesh/Sonia of Cambridge Senior Secondary School, Noida. Noida. (iv) Salaries due to clerks.10,000 placed an order with Rakesh mohan for the supply of goods of the list price of Rs.1,00,000.In this (v) Connection, Raman paid 10% of list price as an advance by cheque. Let us understand this concept with help of an example. Write a letter in 120-150 words to the Sales Manager, Olympic Sports F-12 Darya Ganj, Delhi requesting a speedy delivery of the goods. Expalin... Bought goods of list price 20,000 less 10%and paidby cheque. De très nombreux exemples de phrases traduites contenant "your order has been shipped" – Dictionnaire français-anglais et moteur de recherche de traductions françaises. 100000.In this con... An order with Rakesh Mohan for the supply of goods of the list price of 100000 in this connection,w... How is the supply of the commodity affected by an increase in price of other related goods? For services, the general rule for B2B supplies is that the place of taxation is the place where the business receiving the services is established. 1296. 1250 and the rate o... A dealer buys goods at 15% off the list price. Reply. GoodwillIII. 18 September 20XX. “Supplier” shall mean an entity/person/group of persons to whom a purchase order is issued by Bosch for supply of Materials/Goods/Machinery. At the point the goods are sold to the customer, the overseas seller will be deemed to make a zero-rated supply of the goods to the OMP. paced an order with alok for supply of goods of 80, Paid interest on loan 20000 an instalment of 100000 by cheque, 2 The price of an object is decreased by 10%, Journal entry for bought goods from rakesh at list price 15000 for 9000, ALGEBRAIC EXPRESSIONS AND IDENTITIES Class 8 Maths, DIRECT AND INVERSE PROPORTIONS Class 8 Maths, AREAS OF PARALLELOGRAMS AND TRIANGLES Class 9 Maths, INTRODUCTION TO EUCLIDS GEOMETRY Class 9 Maths, INTRODUCTION TO TRIGONOMETRY Class 10 Maths, COMPLEX NUMBERS AND QUADRATIC EQUATIONS Class 11 Maths, INTRODUCTION TO THREE DIMENSIONAL GEOMETRY Class 11 Maths, APPLICATION OF DERIVATIVES Class 12 Maths, CONTINUITY AND DIFFERENTIABILITY Class 12 Maths. Answer: Cambridge Senior Secondary School. It can be useful to you whenever you are looking to place a business order … 10,000
(v) Placed an order with Rakesh Mohan for the supply of goods of the list price of Rs. Opportunity of being heard shall be given before passing of any order by GST Authority. In this connection, Raman paid 10% of the list price as an advance by cheque. In case of Bill to Ship To supplies goods are not sent to premises of buyer but to another person to whom buyer has sold the goods. The basic principle of GST is that it should effectively tax the consumption of such supplies at the destination thereof or as the case may at the point of consumption. May 8, 2018 at 11:39 am Shilpa says: SGST/CGST. So place of supply provision determines the place i.e. When its price rises to ₹12 per units,... Sunita purchases a bicycle for Rs 660. Placed an order with Rakesh Mohan for the supply of goods of the list price of Rs 1,00,000. namarpatelpcl1az is waiting for your help. How does an increase in the price of the an input of affect the supply curve of firm ? …, ne fourth of the machinery was damaged and couldeste alèzech conly Rs 10,000machinery cous purchased for R50,000.On the same date.same date a newShow MachineryAll from2017-18, 2018-19 8 2019-20issuming three Book of account wore closed on 21st Marcheachyear, 3) 2014 Apr4thonsold goods to Mr.r. An order letter is important to initiate a business transaction. Sports items are not only a necessity for big sports organisations or associations for conducting matches but also are a requirement for schools, clubs, gyms, companies, etc, who purchase the items for fitness and other purposes for the students, employees, members, etc. DEFINITIONS a. Find a partner and act out the dialogue. (v) Placed an order with Rakesh Mohan for the supply of goods of the list price of 1,00,000. At a price of ₹10 per units the supply of good is 80 units. This price includes a discount of 20% offered on the marked pric... How does an increase in the price of an input affect the supply curve of a firm ? Patent rightsII. 5,000 (iii) Rent due to landlord. This site is using cookies under cookie policy. He owed us 10,000
(ii) Received cash for bad debts written off last year. Place of Supply of goods other than goods imported/ exported: These can be divided into two parts: Where supply involves movement of goods: Clause (a) of Section 10(1) provides that where the supply involves movement of goods the Place of supply shall be the location of the goods where the movement terminates for delivery. If services are supplied cross border this may trigger the reverse charge procedure for the … Reply. So far you have not received the goods. placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 100000.In this connection raman paid 10% of the least price as an advanced - 4957714 The Sales Manager. VAT of 10%. A first and final compensation ... Mohan, the owner of a business receives an order for supply of goods worth ₹2,00,000. “Goods” means the goods described in the Order and includes any goods supplied to the Shopper in connection with the supply of Services to the Shopper by the Supplier. When its price fall by 20 per sec... Arun bought a motorbike at a discount of 10%, and paid a sales tax @8%. This letter is written to the individual or company supplying the services or products. The VAT rate to be applied will be dependent on the goods being supplied. College University of Delhi r.k.kotiya@gmail.com Abstract Inventories are assets of the firm, and as such they represent an investment. Presentation by- Anushka Shukla Shaheed Bhagat Singh College Roll no.- 603 Section D.
(iv) Salaries due to clerks. Use Workday Punchouts for purchasing office supply products, Dell computer products, lab supplies and for catering orders with Brown First approved suppliers. One of them is calling the other to request a large number of desk units for her office. What is the need for the Place of Supply of Goods and Services under GST? Doubtnut is not responsible for any discrepancies concerning the duplicity of content over those questions. Ans. Give one word/phrase/term:An order placed by an importer for the supply of certain goods. She has paid a In other words, the place of Supply of Goods is required to determine whether a supply is subject to SGST plus CGST in a given State or else would attract IGST if it is an inter-state supply. The place of supply determines whether a transaction is intra-state or inter-state. Find the list price of the bicy... You are required to give (a) Journal Entries, (b) Nature of Account (whether Asset, Liability, Capit... What eflect does an increase in input price has on the supply of the commodity? Because such investment requires a commitment of funds, therefore a firm has to maintain inventories at the correct level. THHNHSFT Standard Terms and Conditions of Contract for the Supply of Goods (PO version) Page 5 of 54 6.1.1 the provisions on the front page of these NHS Terms and Conditions for the Supply of Goods (Purchase Order Version); 6.1.2 Schedule 1: Key Provisions; 6.1.3 the Specification and Tender Response Document (but only in respect of At a price of 10 per unit, the supply of a product is 500 units. What is the need for the Place of Supply of Goods and Services under GST? Place of Supply of Goods and Service Q 1. You are Ravikant, sports teacher of Sunshine Public School, Karol Bagh, Delhi. b. Add your answer and earn points. Viele übersetzte Beispielsätze mit "order for supply of goods" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. In this connection. An order letter is written by an individual or company requesting for delivery of goods or services that interest their line of business. Answer: Cambridge Senior Secondary School Noida 18 September 20XX The Sales Manager Orient Blackson Noida. 5,000
(iii) Rent due to landlord. Placed an order with Rakesh Mohan for the supply of goods of the list price of ? Placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 1,00,000. Dear Sir Subject: Supply of books for the School Library if the both Bill To & Ship to customer are same then GST will applicable on SHip to . “Bosch Terms and Conditions/BTC/POTC” shall mean these terms and Raghu on credit35,000, 3.Purchase Laptop for office use * 10,000., 2. 1,00,000. He wants to make a profit of 20% after allowing a dis... cost price The amount paid to purchase an articles or the price at which an article is made is kn... How does an icreasae in the price of an input affect the market supply curve ? Mr. Krishna placed an order with Mr. Shyam to supply good to Mr. Mohan. Rakesh bought a radio for Rs. He paid it for Rs. So far you have not received the goods. The questions posted on the site are solely user generated, Doubtnut has no ownership or control over the nature and content of those questions. So place of supply provision determine the place i.e. He owed us 10,000 (ii) Received cash for a bad debt written off last year. Solution of Question No 5 Chapter No 8: – Date : Particulars: L.F. Debit: Credit (i) Cash A/c: Dr. 7,500: Bad Debts A/c: Dr. 2,500: To Shyam A/c: 10,000 (Being first and last compensation received from Shyam.) The price of an article is increased by 25%the Increased in price is 10%find the new price, Prepare journal Q . It is of paramount importance to correctly classify the supply either intra-state or inter-state at the time of transaction. "What from the followingis/are NOT tangibleasset(s)?1. It usually includes more information about what you are ordering, like quantity, model number, or color, the payment terms, and the matter in which the products are to be shipped. In the case of intra-state supply, CGST/SGST is levied and in case of inter-state supply, IGST is levied. Journalise the following transactions: (i) Shyam became insolvent. 'Placed an order with Rakesh Mohan for the supply of goods at a list price of Rs100000 In this connection,we paid 10 percent of the list price by cheque in advance ' Pass the journal - Accountancy - Recording of Transactions - I Formal Letter for Placing an Order for Sports Items Equipment Sports items vary depending upon the sports played. Subject: Supply of books for the School Library Many translated example sentences containing "order for supply of goods" – German-English dictionary and search engine for German translations. VAT Place of Supply (Goods) From: HM Revenue & Customs Published: 12 April 2016 Updated: 1 March 2021, see all updates. Calculate the amount paid by a customer for an article, if its list price is Rs. Search this manual Search. 8,000 10,000 (iv) Salaries due to clerks. Declaration of HSN Code for Goods & Services wef 01.04.2021. A first and final compensation of 75 paise in a rupee was received from his Official Receiver. In this connection, Raman paid `10%` of the list price as an advance by cheque. Write a letter in 120-150 words to the Sales Manager, Olympic Sports F-12 Darya Ganj, Delhi requesting a speedy delivery of the goods. R.K. & Co.: (i) Purchased goods of list ... Vikram bought a watch for Rs 825. This letter demonstrates interest in the merchandise and the need to start a business deal. May 10, 2018 at 11:31 am manish says: It Should be IGST. I will mark us as brainliest if your answer will be correct...so hurry up. taxable jurisdiction where the tax should reach. Orient Blackson. F... Sold goods for cash of the list price of Rs 8,000 at 10% trade discount and 3% cash discount. Given that "placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 100000.In this connection raman paid 10% of the least price as an advanced by cheque", placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 100000.In this connection raman paid 10% of the least price as an advanced by cheque, (a) A taxpayer is an assessee but an assessee need notbe a taxpayer., BalanceNoteFrom the following blance sheet of limitedcompratire Blance sheetparticularon 31.03.2019 and 31, 3.2020ai 3.1I souity and liabilitiesshare A month ago you placed an order for the supply of a few sports goods. He has also re... Journalise the following transactions in the books of M/s. You can specify conditions of storing and accessing cookies in your browser. Dear Sir. 47,142. You are Rakesh/Sonia of Cambridge Senior Secondary School, Noida. Noida. (iv) Salaries due to clerks.10,000 placed an order with Rakesh mohan for the supply of goods of the list price of Rs.1,00,000.In this (v) Connection, Raman paid 10% of list price as an advance by cheque. Let us understand this concept with help of an example. Write a letter in 120-150 words to the Sales Manager, Olympic Sports F-12 Darya Ganj, Delhi requesting a speedy delivery of the goods. Expalin... Bought goods of list price 20,000 less 10%and paidby cheque. De très nombreux exemples de phrases traduites contenant "your order has been shipped" – Dictionnaire français-anglais et moteur de recherche de traductions françaises. 100000.In this con... An order with Rakesh Mohan for the supply of goods of the list price of 100000 in this connection,w... How is the supply of the commodity affected by an increase in price of other related goods? For services, the general rule for B2B supplies is that the place of taxation is the place where the business receiving the services is established. 1296. 1250 and the rate o... A dealer buys goods at 15% off the list price. Reply. GoodwillIII. 18 September 20XX. “Supplier” shall mean an entity/person/group of persons to whom a purchase order is issued by Bosch for supply of Materials/Goods/Machinery. At the point the goods are sold to the customer, the overseas seller will be deemed to make a zero-rated supply of the goods to the OMP. paced an order with alok for supply of goods of 80, Paid interest on loan 20000 an instalment of 100000 by cheque, 2 The price of an object is decreased by 10%, Journal entry for bought goods from rakesh at list price 15000 for 9000, ALGEBRAIC EXPRESSIONS AND IDENTITIES Class 8 Maths, DIRECT AND INVERSE PROPORTIONS Class 8 Maths, AREAS OF PARALLELOGRAMS AND TRIANGLES Class 9 Maths, INTRODUCTION TO EUCLIDS GEOMETRY Class 9 Maths, INTRODUCTION TO TRIGONOMETRY Class 10 Maths, COMPLEX NUMBERS AND QUADRATIC EQUATIONS Class 11 Maths, INTRODUCTION TO THREE DIMENSIONAL GEOMETRY Class 11 Maths, APPLICATION OF DERIVATIVES Class 12 Maths, CONTINUITY AND DIFFERENTIABILITY Class 12 Maths. Answer: Cambridge Senior Secondary School. It can be useful to you whenever you are looking to place a business order … 10,000
(v) Placed an order with Rakesh Mohan for the supply of goods of the list price of Rs. Opportunity of being heard shall be given before passing of any order by GST Authority. In this connection, Raman paid 10% of the list price as an advance by cheque. In case of Bill to Ship To supplies goods are not sent to premises of buyer but to another person to whom buyer has sold the goods. The basic principle of GST is that it should effectively tax the consumption of such supplies at the destination thereof or as the case may at the point of consumption. May 8, 2018 at 11:39 am Shilpa says: SGST/CGST. So place of supply provision determines the place i.e. When its price rises to ₹12 per units,... Sunita purchases a bicycle for Rs 660. Placed an order with Rakesh Mohan for the supply of goods of the list price of Rs 1,00,000. namarpatelpcl1az is waiting for your help. How does an increase in the price of the an input of affect the supply curve of firm ? …, ne fourth of the machinery was damaged and couldeste alèzech conly Rs 10,000machinery cous purchased for R50,000.On the same date.same date a newShow MachineryAll from2017-18, 2018-19 8 2019-20issuming three Book of account wore closed on 21st Marcheachyear, 3) 2014 Apr4thonsold goods to Mr.r. An order letter is important to initiate a business transaction. Sports items are not only a necessity for big sports organisations or associations for conducting matches but also are a requirement for schools, clubs, gyms, companies, etc, who purchase the items for fitness and other purposes for the students, employees, members, etc. DEFINITIONS a. Find a partner and act out the dialogue. (v) Placed an order with Rakesh Mohan for the supply of goods of the list price of 1,00,000. At a price of ₹10 per units the supply of good is 80 units. This price includes a discount of 20% offered on the marked pric... How does an increase in the price of an input affect the supply curve of a firm ? Patent rightsII. 5,000 (iii) Rent due to landlord. This site is using cookies under cookie policy. He owed us 10,000
(ii) Received cash for bad debts written off last year. Place of Supply of goods other than goods imported/ exported: These can be divided into two parts: Where supply involves movement of goods: Clause (a) of Section 10(1) provides that where the supply involves movement of goods the Place of supply shall be the location of the goods where the movement terminates for delivery. If services are supplied cross border this may trigger the reverse charge procedure for the … Reply. So far you have not received the goods. placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 100000.In this connection raman paid 10% of the least price as an advanced - 4957714 The Sales Manager. VAT of 10%. A first and final compensation ... Mohan, the owner of a business receives an order for supply of goods worth ₹2,00,000. “Goods” means the goods described in the Order and includes any goods supplied to the Shopper in connection with the supply of Services to the Shopper by the Supplier. When its price fall by 20 per sec... Arun bought a motorbike at a discount of 10%, and paid a sales tax @8%. This letter is written to the individual or company supplying the services or products. The VAT rate to be applied will be dependent on the goods being supplied. College University of Delhi r.k.kotiya@gmail.com Abstract Inventories are assets of the firm, and as such they represent an investment. Presentation by- Anushka Shukla Shaheed Bhagat Singh College Roll no.- 603 Section D.