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Accounting standard

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05 September 2008 A co. has 50 switchboard as on 31 mar. on which sale price was rs.4500 per swbrd but out of these 20 were expected to b sold in following month when sale prc is expected to b rs.4000. what is value of cl.stock as per AS-2 IF THEY R VALUED AT NRV SINCE THEIR COST OF MFGH IS VERY HIGH.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
30 September 2008 Cost or NRV which ever is lower.
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