alleryStart learning →A unit of stock costs Rs 8,000 and could be sold for Rs 9,400 with no further costs. At what amount is it carried?
ARs 9,400
BRs 1,400
CRs 17,400
DRs 8,000
Answer & Solution
Correct answer: D. Rs 8,000
Cost of 8,000 is lower than NRV of 9,400, so the item stays at cost and no write-down arises.
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