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متابعة

If no information is available, the General Rule for valuation of stock for balance sheet is?

<p><span>a- Replacement Cost </span></p> <p><span>b- Realizable Value</span></p> <p><span><span>c- Historical Cost </span></span></p> <p><span><span>d- Standard Cost</span></span></p> <p> </p>

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تم إضافة السؤال من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town
تاريخ النشر: 2015/01/04
georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

The correct answer answer B

  Realizable value

samir baddour
من قبل samir baddour , Manager Corporate Finance , Baniyas Investments and Development Company

B

Basit Ali
من قبل Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

Option B

Mohammed Salim Allana
من قبل Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Agreed with Champs

 

B. Realizable / current market value of an asset.

c- Historical Cost

 

 

Is consistent with the logic in the absence of modern information

Alex Al Yazouri
من قبل Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

b- Realizable Value

It's option B. For all other options you require information.

According to IAS -2 inventory is valued at lower of cost net realizable value. The concept comes from Prudence and it requires exercising degree of caution under condition of uncertainty.

So according to law it should be recorded in such a manner

Expected Selling Price - Expected conversion Cost - Expected Selling Cost = Inventory Value

 

 

 

 

Mohamed wagih EL-Badry
من قبل Mohamed wagih EL-Badry , Financial Controller , Concept Combined General Trading & Contracting Co.

According to Conservatism approach Answer B)

The market price will not be more than NRV (Ceiling)

FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

b->>>>>>>>>> Realizable Value

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟