, who prepares aPurchase Requisition?

A) International Accounting Standard 2 aims at addressing different aspects related to inventories maintained by any business. It requires inventories to be stated in the financial accounts at lower of cost or net realizable value and completely answers the relevant issues. Required: Explain the scope of IAS 2. Explain, in the light of IAS 2, the list of costs which should and should not be included in the value of inventory