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A company has a stock ( book value ) valued 20,0 . The market is booming and the same stock can be sold at 250.

What action accountant should take ? Does he have to do any entry in the books ? if yes please explain?

Accounting
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Question added by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date Posted: 2014/04/09
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Anwar ul haque
by Anwar ul haque , finance manager , Silver shore trading llc

inventory should be at lower of cost or NRV

so accountant shouldnt do anything instead ask sales people to sell the stock

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