Inventory write downs vis-a-vis Rule 3 (5b) of CCR

Manoj Pala , Last updated: 03 August 2011  
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Inventories are measured at the lower of cost or net realizable value (NRV). If the NRV falls below the recognized costs pf an inventory item, the respective inventory items must be measured. Inventory write-downs should reflect the estimated loss in value. NRV values are not constant and may cha

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Manoj Pala
(Sr. Manager Accounts)
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