shobhana ranjan (asasgs) (102 Points)
01 October 2016
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 01 October 2016
Cost or NRV which ever is lower is applicable on Inventory. in your case since it is short term investment therefore cost or NRV condition not applicable on short term Investment.
venkat
(CA )
(1518 Points)
Replied 03 October 2016
as per as 13 short term investments must be valued at cost or nrv whichever is lower long term investments at cost
CAclubindia
