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valuation of inventories when bank loan taken

This query is : Resolved 

25 August 2016 when loan to be taken from the bank than is closing stock to be valued at cost for calculation of profit to be disclosed to banks overuling the principle that stock should be valued at cost or nrv whichever is less.

26 August 2016 you can give the statement containing both the values.....cost as well as selling price....
The bank has to take the call depending upon the situation...



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