What do it mean by reversal of written down value of inventory as per Ind AS 2?
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Ind AS 2
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it means earlier asset was valued below cost i.e valued at NRV
Now when NRV increasd the asset to be value at cost and we have to reversed the amount which was earlier written off
Now when NRV increasd the asset to be value at cost and we have to reversed the amount which was earlier written off
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