10 November 2008
If we follow the rule Cost or Nrv w.e.l and if the NRV is less we show stcok at NRV eventhough it is lesser than the cost(and ofcourse it may further sell at a higher price)Is it correct to show like that ie at nrv(which is less than cost). Because the statement should reflect correct current financial position
11 November 2008
sorry sir, please tell me what u suppose to say. Whether my view is correct or not. Will the statement show real value if valued as above(ie nrv
CAclubindia
