Under IPSAS 12, how should inventories be measured

date：2025-12-31 16:55:19 author：admin browse： time View comments Add Collection

Under IPSAS 12, how should inventories be measured

Under IPSAS 12, how should inventories be measured?

   A) Historical cost

   B) Net realizable value

   C) Lower of cost and net realizable value

   D) Fair value

   Answer: C

   Explanation: IPSAS 12 requires inventories to be measured at the lower of cost and net realizable value.