Valuation of raw material when FG is sold at below cost

Accountancy

At what value will the rm be valued at 1.replacement cost 2.lower of replacemt cost or actual cost

mani charan

CA Final

★ 3K+

29-Oct-22 09:19

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Answers (2)

Best Answer

Lower. It can never be valued above cost

CA Suraj Lakhotia

Admin

29-Oct-22 09:25

CA Suraj Lakhotia Admin

Lower. It can never be valued above cost

Thank you sir

Thread Starter

mani charan

CA Final

★ 3K+

29-Oct-22 09:28