Closing stock valuation .

This query is : Resolved 

29 April 2009 Our company is the manufacurer of wheat products. Please email the working of valuation of closing stock of Finished goods such as Atta, Maida, Sooji and Bran.

rajdeepstar@rediffmail.com


30 April 2009 For detailed procedures and methods, see AS2 issued by the Institute of Chartered Accountants of India which may be downloaded.

30 April 2009 In short at Cost or Net Realisable Value(NRV) whichever is less.




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