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
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
Hi,
Correct ans id Option D.
Thanks but Sir,
why not "C" Kundly elaborate
I look forward to hearing you
CAclubindia
