06 October 2016
Yesterday my teacher had told that there would not be any difference in valuation of raw material inventory in cost accounts and financial accounts.I think it does get differ if you consider As-2.Is my contention correct?Plz elaborate. Thanks in advance.
06 October 2016
the context in which your teacher must have said this is important..... mathematically speaking there may be some difference......considering the materiality/ importance of the value, there may not be much of difference, What was the context, in which the said statement was made by your teacher? Can you elaborate?
CAclubindia
