kindly resolve the issue :
as per AS -2 valuation of closing stock is made
A) at cost price
B) at market price
C) cost price or market price whichever is lower
D)cost or net realizeable value whichever is lower.
thanks
Menu
As2
Replies (2)
Hi,
Correct ans id Option D.
Thanks but Sir,
why not "C" Kundly elaborate
I look forward to hearing you
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
CAclubindia
