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Audit of jewellery shop

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 December 2012 I am doing of audit of jewellery shop. At 31st March how the valulation of jewellery is to be done while conductiong audit.
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naresh

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naresh (Expert)
24 December 2012 As per A.S 2 Valuation of Inventories Inventories are to be valued at Cost or Marakt price Whichever is lower
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