Accounting · Inventory Valuation
As per Accounting Standard-2 (AS-2), inventories should be valued at:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Historical Cost or Net Realizable Value, whichever is lower✓
- 2Replacement Cost
- 3Net Realizable Value
- 4Historical Cost
Correct answer
Historical Cost or Net Realizable Value, whichever is lower
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Inventory Valuation MCQs →Want more practice questions on Inventory Valuation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Inventory Valuation