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متابعة

Which of the following assets is/are to be valued at the lower of cost or net realizable value?

(a) Goodwill.

b) Inventories.

(c) Investments

(d) Both (b) and (c) above.

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تم إضافة السؤال من قبل Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
تاريخ النشر: 2015/03/01
Muhammad Ramzan Tufail  ACCA
من قبل Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(B) is the Correct Ans.

 

Inventories

مستخدم محذوف‎
من قبل مستخدم محذوف‎

b) Inventories are to be valued at lower cost

Mohammad Ismail
من قبل Mohammad Ismail , ACCA Trainee , Zarai Taraqiati Bank Limited

B) Inventories is the correct answer.

aziz urrehman
من قبل aziz urrehman , key account executive , alkhair group of companies foam manufacturing

B is the ans for the Question .As per IAS-2

Faisal Majeed - Chartered Accountant
من قبل Faisal Majeed - Chartered Accountant , Regional Project Financial Controller , Barr + Wray FZE LLC & Barr + Wray (Hong Kong Limited)

As per IAS-2, inventories shall be measured at lower of cost of NRV