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Closing stock valuation .

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(Querist)
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
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
30 April 2009 For detailed procedures and methods, see AS2 issued by the Institute of Chartered Accountants of India which may be downloaded.
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CA Nitin Wadhwani

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