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Financial Regulations · s 553
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Financial Regulations · s 553
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Unallocated Stores shall have an issue valuation assigned to them as soon as possible. This valuation shall be the total amount charged to the Statutory Fund for their acquisition e.g. cost price, freight, insurance, etc. The average cost of each unit of quantity shall then form the issue price. A revaluation of the issue price is necessary on each occasion fresh stocks are added to a ledger item.