ABSTRACT
Paper Title/ Authors Name | Download | View |
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AS-2: Valuation of Inventories (Revised) (Effective Date: 1St April, 1999)
Dr.Kakade Shivaji Murlidhar |
Inventory is on of the largest assets of a business enterprise. It is ranging from 25% to 30 % of the total
assets of the enterprise. The major source of revenue is the sale of these inventories.The objective of
accounting for inventories is the proper determination of income through process of matching appropriate
cost against revenues