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Pls answer me this question?

Image attached to the doubt: Pls answer me this question?

Asked by Siya18 Jul 2024425 views

6 answers

  1. Sonal · 18 Jul 2024

    Take whichever is less

  2. Siya · 18 Jul 2024

    Thanks

  3. Rahul · 18 Jul 2024

    We need to take less amount in between historical cost and net realisable value

  4. Rahul · 18 Jul 2024

    Take whichever is lower like in p we'll be taking 38 as it is less than 42 and then in Q it is 29 as both of them are same and in r 14 is less than 17 so we'll take 14

  5. Siya · 18 Jul 2024

    How to calculate this

  6. H. · 18 Jul 2024

    Whenever valuation of inventory is to be done which are neither similar nor interchangeable, valuation is done at cost or NRV whichever is less.

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