Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Under IFRS , Which of the following inventories items are not valued at the lower of cost or NRV?

1 - Industrial inventory items .

2 - Biological inventory items .

3 - Retail inventory items .

4 - Manufacturing inventory items .

Accounting Auditing US GAAP Economics
user-image
Question added by Deleted user
Date Posted: 2016/07/28
Upvote (0) Views (3) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Khawaja Haider Ali
by Khawaja Haider Ali , VAT Specialist Higher Executive Officer , HM Revenue & Customes HMRC

Biological Inventory Items

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

Biological inventory items.Classified as per IAS 41

Write Your Answer
More Questions Like This