Valuation
This query is : Resolved
25 July 2019
Respected Sir
Please explain the below
Closing Stock has been valued at cost or NRV whichever is lower and retail method has been flowed for valuation of stock.
Closing stock has been taken as valued and certified by the proprietor.
Please explain the below
Closing Stock has been valued at cost or NRV whichever is lower and retail method has been flowed for valuation of stock.
Closing stock has been taken as valued and certified by the proprietor.
30 July 2019
Read Accounting Standard 2 - Inventories
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