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3145 Points Posted on 04 October 2021
what is the formula for valuation of closing inventory as per accounting standard 2
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On 04 October 2021 at 20:20 Report
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Quick Summary
Accounting Standard 2 (AS 2) dictates how to value closing inventory. The core principle is to use the lower of either the inventory's cost or its net realisable value (NRV). This ensures that inventory is not overvalued on the balance sheet.

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Chartered Accountant
149 Points Posted on 04 October 2021
Cost or nrv whichever is lower
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On 04 October 2021 at 23:54
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3145 Points Posted on 05 October 2021
Plse give your WhatsApp number ..I have now doubta
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On 05 October 2021 at 08:05
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Chartered Accountant
149 Points Posted on 05 October 2021
Abhishek nine two 55997784
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On 05 October 2021 at 21:31
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3145 Points Posted on 05 October 2021

Plse see what's app sir

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On 05 October 2021 at 21:36

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