Change in inventory method

FIFO METHOD IS CORRECT AS PER AS 2

FIFO method is correct..however some disclosure requiremetns are to be followed..

As per AS-2 FIFO method is correct, however as per It is to be disclosed by ther management in notes to accounts.

FIFO MEthod is correct as per AS-2,..

The change of avg to FIFO method should require a seperate disclosure as it comes UNDER CHANGE IN ACCOUNTING POLICY.

you have to disclose

1. Reason for the change//(in this case it wud be better prsentation of finacial statement and in complaice with AS)

2. Financial impact due to change .

Financial Impact of change needs to be provided & seperately disclosed....

change is not an issue.