Ind AS-2 provides for reversal of the write-down of inventories to :

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Ind AS-2 provides for reversal of the write-down of inventories to :
(A) Cost
(B) Replacement Cost
(C) Net realizable value
(D) Net realizable value limited to the amount of original write-down

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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