How inventories are valued as per IAS-2 ? A. Lower of Cost or Net Realisable Value. B. At Net Realisable Value C. At Cost D. None

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According to IAS 2 Inventories, which of the following costs should be included ...
Posted by:
Asad zaman
06-August-2014

Accounting Auditing Cost Accounting Financial Accounting managerial accounting

Question added by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
Date Posted: 2015/01/24

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7 Answers

by imran Noor - , Audit Officer , Auditor General of Pakistan

I think it's option (A)

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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN

by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

OPTION (A) >>>>>>> Lower of Cost or Net Realizable Value

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Salah Othman Yousef Alshambaati

by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

A. Lower of Cost or Net Realisable Value

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Mohammad Iqbal Abubaker

by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

How inventories are valued as per IAS-2 ?

The below given is the correct answer

A. Lower of Cost or Net Realisable Value.

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

A.>>>>> Lower of Cost or Net Realisable Value

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by Deleted user

all answers here is enough too much thanx

option A

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by sajid mohammad , Senior Audit assistant

A

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