أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
When we are reporting closing inventory in the Financial statment then according to IAS2 inventory should be valued at lower of:
1. Cost
or
2. Net realisable value. (NRV)
As per IAS2 Inventory should be valued at lower of cost or NRV while reporting
Agreed with the answers to colleagues