Please help friends.

676 views 3 replies

dear c.a family, 

in cpt this time, there was a question in law regarding, when the communication is getting completed or over in telephonic conversation(i dont remember the question fully) which option did u guys go for?

there was another question in accounts regarding valuation ----cost price or............whichever is lower. is it market price or net realisable value?(can u guys provide the question wid the correct answer).

help highly appreciated.

Replies (3)

For the first question answer is when its communicated to the other party i thnk it was the d option........

 

For second question its NRV i.e. net relizable value......

Originally posted by : Umesh Daga

For the first question answer is when its communicated to the other party i thnk it was the d option........

 

For second question its NRV i.e. net relizable value......

agreed                                  

I believe its NRV or Market Price which ever is less...

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