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Changes in method of valuation of closing stock

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2017 Method of valuation of stock has changed by this year, whether difference in the valuation of opening stock as per the new method to be adjusted in the Profit & loss account or to be disclosed as a note.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 September 2017 No change in valuation needed for opening stock. Inference - ICDS-2

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