Writing off of inventory at nrv

Accountancy

Does we have to pass a journal entry to written off/down the inventory to nrv or just recording closing stock at nrv price is required?

Atharv Sankliya

CA Final

★ 3K+

23-Jun-23 00:34

500

Answers (1)

Closing stock valuation is enough.

CA Suraj Lakhotia

Admin

23-Jun-23 09:40