As per As-2, what is the difference between Net relisable value & Fair value ? Explain with suitable examples?
How we can value inventory as per As-2. All your answers & suggestions are will welcome by us.
- Neha
- 26 Apr
- 38316 Views
- 8 Answers
Your Answer
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Sunil
- 30 Dec
Hi
NRV is the value of product to be sold in market irrespective of its sales price,
and Fair value is the overall cost incurred for producing that product
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