Accounting Standard (AS) - 43. page

Cost Formulas : The cost of inventories of items that are not ordinarily interchangeable and goods or services produced and segregated for specific projects should be assigned by specific identification […]

Exclusions from the Cost of Inventories : In determining the cost of inventories in accordance with paragraph 6, it is appropriate to exclude certain costs and recognise them as expenses […]

Cost of Inventories : The cost of inventories should comprise all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and […]

Measurement of Inventories : 5. Inventories should be valued at the lower of cost and net realisable value.

Definitions Of   Inventories : 3. The following terms are used in this Standard with the meanings specified: 3.1. Inventories are assets:       (a) held for sale in […]

Scope Of Valuation of Inventories : 1. This Standard should be applied in accounting for inventories other than: (a) work in progress arising under construction contracts, including directly related service […]

Objective of  Valuation of Inventories : A primary issue in accounting for inventories is the determination of the value at which inventories are carried in the financial statements until the […]

Valuation of Inventories : [This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. […]

Main Principles of  Accounting Policies : 24. All significant accounting policies adopted in the preparation and presentation of financial statements should be disclosed. 25. The disclosure of the significant accounting […]

Disclosure of Accounting Policies : 18. To ensure proper understanding of financial statements, it is necessary that all significant accounting policies adopted in the preparation and presentation of financial statements […]