Can shares held as stock in trade be valued at lower of cost or net realisable value as per ICDS 2?
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 07 July 2016
Hi Shekha,
If stocks are held as inventories then the ICDS II confirms AS 2, that the same shall be vallued at lower of cost or NRV
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