Closing stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2012
SHOULD cLOSING STOCK BE VALUED BY COST PRICE OR SALE PRICE
15 May 2012
Closing stock should be vaued as per AS2 issued by ICAI which particularly states that It should be valued at cost or market price whichever is less.
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