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Accounting standard 2- valuation of inventory

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 March 2013 Please give me answer that As per Accounting Standard 2, AS 2 is not applicable in valuation of Agricultural Products, but Can we consider MILK as an agricultural Product?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 March 2013 Milk and farming activity is not an agricultural products

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