How is inventory valued as per AS-02? Discuss.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 16, 2023 11:50 PM

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How is inventory valued as per AS-02? Discuss.

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As per Accounting Standard AS 2 Valuation of Inventories inventory should be valued at the lower of cost and net realizable value This principle aims ...View the full answer

Financial Accounting

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