Valuation of closing stock of finished goods

This query is : Resolved 
 


Querist : Anonymous (Querist) 20 June 2013

sir, a yarn manufacturing company has various quality of closing stock as at 31.03.2013
please guide me step by step procedure to calculate the value of closing stock as at 31.03.2013


Rupesh Jain (Expert) 20 June 2013

UNDR AS-2 VALUATION OF CLOSING STOCK ON
COST OR NET REALISABLE VALUE WHICH EVER IS LESS

OTHER WISE BEST WAY THAT LAST YEAR VALUAION METHOD TO BE FOLLOW.




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