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11:41
YouTube
Luqman Rafiq
Luqman Rafiq | IAS 2 Inventory: NRV Measurement & Its Complications
IAS 2 Inventory requires an entity to measure inventory at the lower of cost or net reliable value (NRV). There are certain concepts of NRV measurement which many people dealing with IFRS in their studies are unaware of. This video discusses when to write down inventories and whether reversal in inventory write down is allowed to be recognized ...
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