Simplifying Variances Between Ind AS and AS in Inventory Valuation

CA Rakesh Ishi , Last updated: 30 December 2023  
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Lets break down the key differences between Ind AS 2 (Inventories) and AS 2 (Valuation of Inventories) in simpler terms. 1. Recognition of Costs Ind AS 2: Talks about how to recognize the cost of inventories later on as an expense. AS 2: Doesnt have a similar provision, showing a change i

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CA Rakesh Ishi
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Category Accounts   Report

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