Easy Office
LCI Learning

Ind as 2

This query is : Open 
Profile Image

Profile Image

(Querist)
14 October 2017 What do it mean by reversal of written down value of inventory as per Ind AS 2?
Profile Image

Ashiwini Ballodia

Profile Image

Ashiwini Ballodia (Expert)
14 October 2017 it means earlier asset was valued below cost i.e valued at NRV Now when NRV increasd the asset to be value at cost and we have to reversed the amount which was earlier written off

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links