Ind AS Tit

#Ind AS Tit| 来源: 网络整理| 查看: 265

Any reduction in the value of the inventories from it's cost to NRV shall be written-off as an expense. Any such expense shall be net-off with the reversal of earlier write-off to NRV, if any happened in the earlier periods.

Eg:

NRV of the Inventory A has reduced from Rs. 10 to Rs. 8. Cost of Inventory A is 10

NRV of the Inventory B has increased from Rs. 6 to Rs.7. Cost of Inventory B is Rs. 7

Total amount of expenditure recognised during the year shall be Rs. 1/-

3. Where any inventory has been included as part of cost of the an asset, such inventory shall be recognised as expense, as a part of depreciation charged on the asset.

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