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As per Accounting standard 2 valuation of inventories... Raw materials valued at cost ( if finished goods are sold at above cost of this) otherwise replacement cost.. Here otherwise means replacement cost which means the finished good are sold at below cost means should have to go replacement cost IAM I correct??
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Best Answer
Hi Sanjay, for the last one month you have been asking the same question. We have also shared a revision video on youtube for your reference. I suggest you take up AS-2 in the next individual module sale so that you can progress further to other standards.
CA Suraj Lakhotia Admin
Hi Sanjay, for the last one month you have been asking the same question. We have also shared a revision video on youtube for your reference. I suggest you take up AS-2 in the next individual module sale so that you can progress further to other standards.
My honourable Suraj sir ,I revised your video,I just posted for Assurance... thanks ð???
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