Inventory valuation as per AS2 is lower of cost/NRV
how can v measure NRV
Menu
Interview question
Replies (1)
This depends on the value which we can fatch by selling it into open market. If it is not yet sold into market yet then value of "identical goods of its kind" can be taken as NRV.
Recent Threads
- Land Sales, Interest on SB & Deposits NOt SHow
- Is this true related to Sanchar Saathi App Permiss
- Need to change Email ID
- 31.3.2025 Purchase ITC shown in GSTR -3B 4(B)(2) -
- FORM 60 TRANSACTION
- GSTR 9 tabel 7
- Itr form related in import of goods business
- Fixed Deposits post retirement corpus
- TDS Refund using Form 71
- Advance Tax not reflecting in Form26AS
Related Threads
CAclubindia
