stock valuation

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CA.Ritu Agarwal (Querist)
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10 April 2009 can in a Manufacturing company.. Raw material can be valued at cost and semi-finished and finished good can be valued at cost or market price whichever is lower.??

CMA KNVV Sri Vidya - Sri Kanth

CMA KNVV Sri Vidya - Sri Kanth (Expert)
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12 April 2009 YA It can be valued at cost or market price whichever is lower.??

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