Stock valuation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2012
A company is engaged in agricultural activities. The closing stock of agricultural produce has to be valued at "cost or market price whichever is less" OR it can be taken at net realisable value. The net Realisable value is more than the cost.
14 September 2012
which ever is nature of company stock is valued at cost or NRV which ever is less.
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