Is there anyone knows the method of valuation of closing stock in Diamond Industroes ?
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 12 November 2010
SEE BALANCESHEET & AUDIT REPORT OF 1.GITANJALI GEMS LTS 2. SU-RAJ DIAMOND & JEWELLARY LTD
Ankit..ca Final Nov 11
(Article)
(45 Points)
Replied 12 November 2010
it wil be valued lower of cost or Nrv.
Refer to point no. 7
https://www.moneycontrol.com/annual-report/surajdiamondsjewellery/accounting-policy/SDJ01
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