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Which inventory valuation method is used by jewelers

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1359 Points Posted on 01 April 2023
which inventory valuation method is used by jewelers?
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On 01 April 2023 at 00:03 Report
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Student
38 Points Posted on 01 April 2023
It is not specific, but most of them use Weighted Average & FIFO. However in some cases, "specific identification" can also be seen.
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On 01 April 2023 at 00:41
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Profession Business
28196 Points Posted on 01 April 2023
It's specially mentioned in guidance notes.
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On 01 April 2023 at 08:30
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1359 Points Posted on 01 April 2023
Guidance notes issued by icai???
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On 01 April 2023 at 10:07
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Profession Business
28196 Points Posted on 03 April 2023
Obviously
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On 03 April 2023 at 09:10


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