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Valuation

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(Querist)
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.
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Gokul Sharma

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Gokul Sharma (Expert)
30 July 2019 Read Accounting Standard 2 - Inventories

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