As per AS-2, Inventory should be valued at .........

CS Executive · Corporate and Management Accounting · PYQS · June 2023
As per AS-2, Inventory should be valued at .........
(A) Cost
(B) Net realizable value
(C) Cost or Net realizable value, whichever is lower
(D) Cost or Net realizable value, whichever is higher

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Accounting Standards

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