Changes in method of valuation of closing stock
This query is : Resolved
Querist : Anonymous
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.
25 September 2017
No change in valuation needed for opening stock. Inference - ICDS-2
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