Login to manage your account

Please enter a valid email address.
Forgot Password?
Please enter a valid password.
OR

Don't have an account yet? Sign up

How should inventory be valued under Ind AS 2?

  1. A At the lower of cost and net realisable value
  2. B At cost always
  3. C At selling price
  4. D At replacement cost
Answer

At the lower of cost and net realisable value

Cost may be determined using FIFO or weighted average. LIFO is not permitted under Ind AS or IFRS.

All CA MCQs

Login to manage your account

Please enter a valid email address.
Forgot Password?
Please enter a valid password.
OR

Don't have an account yet? Sign up as