Accounting method

Rahul Verma (CA-Final) (484 Points)

20 May 2016  

Hellozz guys

Kindly help me in this particular situation.

As per AS-2, Inventory should be valued as per FIFO or Weighted Average Method.

Kindly Tell

1. Which type of stocks are eligible to value through Weighted Average Method.

2. If i have business of manufecturing Jwellary So Whether  can i adopt WA Method.

 

Thanks in Advance