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AS-2

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(Querist)
18 April 2009 RAW MATERIAL VALUED AT COST AND FINISHED AND WIP VALUED AT LOWER OF COST OR MARKET PRICE. CAN THE COMPANY DO SO.
PLEASE ANSWER
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
18 April 2009 Yes. The company can do as above.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
18 April 2009 Yes, it can be adopted in view of AS2.
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
19 April 2009 Yes
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
21 April 2009 yes

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