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
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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