Is Valuation of Closing Stock can be done "AT COST" though it is mentioned in AS 2 dat it shud be valued at Cost or NRV w.e. lower,,,,,,,,,,,,???
1 Replies
madhur gupta
(student/article )
(1022 Points)
Replied 23 August 2010
For income tax purposes u may value it at normal accounting practice even it reluts in at COST only.........
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