Valuation of dead stock.
This query is : Resolved
13 November 2013
Sir I am audit assistant, engaged in internal audit of an automobile company.
During the course of physical verification of inventory i.e. parts of vehicle, some parts were found related to vehicle which is banned by government. as per as-2 the same should be valued at NRV.
my query is there around hundreds of line item related to that vehicle whether nrv is to check one on one basis or can be taken aggregate.
During the course of physical verification of inventory i.e. parts of vehicle, some parts were found related to vehicle which is banned by government. as per as-2 the same should be valued at NRV.
my query is there around hundreds of line item related to that vehicle whether nrv is to check one on one basis or can be taken aggregate.
Rupesh Jain
(Expert)
18 November 2013
it can be taken as quotation form various dealers, or buyers. or valuers
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