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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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Question added by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
Date Posted: 2015/01/24
imran Noor -
by imran Noor - , Audit Officer , Auditor General of Pakistan

I think it's option (A)

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

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 

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. 

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

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

Deleted user
by Deleted user

all answers here is enough too much thanx

option A