CA Preksha Choraria
AS 2- Valuation of Inventories
| ISSUE DATE | JUNE,1981 |
| EFFECTIVE DATE | APRIL 1ST,1999 |
| APPLICABILITY | MANDATORY FOR ALL ENTERPRISE |
OBJECTIVES:
A: CARRYING VALUE OF INVENTORY
1.
2. Specific exclusion:-
3. CONTAINERS AND EMPTIES (NOT COVERED IN DEFINITION)
4. CARRYING VALUE OF INVENTORIES OR MEASUREMENT OF INVENTORIES.
5. COST OF INVENTORY
6. COST MEASUREMENT:-
7. NET REALIZABLE VALUE:-
| Particulars | Amount(Rs.) |
| Estimated Selling Price | XX |
| Less: Estimated cost of completion | (XX) |
| Less: Estimated selling expense | (XX) |
|
NRV |
XX |
8. DISCLOSURE:-
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