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| Improving Inventories On The Basis Of International Accounting Standards |
Jurayev Asqarali Uralovich and Abdiqobilov Shohzod
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Abstract:
The main issue in accounting for inventories is to determine the amount of costs that is recognized as an asset and carried forward until the corresponding revenue is recognized. This Standard provides guidance on the determination of cost and its subsequent recognition as an expense, including any write-down to net realizable value. It also provides guidance on the costing formulas that are used to allocate costs to inventory.
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