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Costing

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(Querist)
12 July 2013 Please explain in breif how in practise closing stock is calculated for balance sheet purpose
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 July 2013 Closing stock valuation need to do a per AS-2 for balance sheet purpose. Cost or net realisable value which ever is less need to be valued
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