Required Disclosure for Inventories

An entity shall disclose the following for INVENTORIES : 

a.) the accounting policies adopted in measuring inventories, including the cost formula used;

b.) the total carrying amount of inventories and the carrying amount in classifications appropriate to the entity;

c.) the amount of inventories recognized as an expense during the period;

d.) impairment losses recognized or reversed in profit or loss in accordance with Section
21. Impairment of Assets; and

e.) the total carrying amount of inventories pledged as security for liabilities.


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