About this document

Sri Lanka Accounting Standard SLAS 5 is a document available to read on EtoBox.

This document outlines Sri Lanka Accounting Standard 5 (Revised 2005) regarding the accounting treatment for inventories. Some key points: - Inventories are measured at the lower of cost and net realizable value. Cost includes costs of purchase, costs of conversion, and other costs to bring inventories to their present condition and location. - Costs of purchase include the purchase price and other acquisition costs. Costs of conversion include direct costs and systematically allocated fixed and variable

Language

EN