EASYOFFICE
EASYOFFICE
EASYOFFICE

NRV of stock

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 December 2009 As per AS-2 inventory is value at cost or NRV which is less. So, if cost=10/- p.u. & NRV=7/- p.u. & qty=10000 units. Please suggest me journal entry in book of account for valuation of inventory at NRV.
Profile Image

CA SURENDRA KUMAR RAKHECHA

Profile Image

CA SURENDRA KUMAR RAKHECHA (Expert)
14 December 2009 Closing Stock A/c Dr 70,000
To Trading A/c

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links