Test Mode

8/24/2020

In which case are the I and II category entities allowed to use the simplified rule to write off the damaged/spoiled inventories

An important amendment was made to the order N994 of the Minister of Finance of December 31, 2010. According to the article 3717 of the Order, those I and II category entities which, along with other requirements, submitted their audited financial statements to reportal.ge (within the terms determined by law), are allowed to use the simplified rule to write off the damaged/spoiled inventories. 

For details, see the amendment

© Service for Accounting, Reporting and Auditing Supervision. 2018