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AS 2

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(Querist)
05 August 2010 In case of valuation of inventory at NRV,which market value to be taken,whether at date of closing of b/s or at the date of signing the b/s? Is there any disclosure requirement for such?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2010 It should be as on the date of the balance sheet.
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Anil Kumar Meena

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Anil Kumar Meena (Expert)
05 August 2010 it should be on the date of balance sheeet...
as per AS2 its impied that is why we dont need to give any note..
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