AS-2 stands for "Accounting for Inventories." It is an Accounting Standard issued by the Institute of Chartered Accountants of India (ICAI) that deals with the accounting treatment, measurement, and disclosure of inventories in the financial statements of a company. The standard provides guidance on how to recognize inventory, measure it at cost or net realizable value, and account for any write-downs or reversals of inventory values. AS-2 aims to ensure that inventories are valued and presented accurately, reflecting their true economic substance, and preventing potential overstatement or understatement of a company's financial position. AS-2 deals with Accounting for Inventories, AS-9 for Revenue Recognition, AS-10 for Property Plant & Equipment , AS-11 for Foreign Exchange and AS-13 for Investments.
Which of the following 3 banks are in PCA at present as per RBI?
The number of Pawn in chess is______.
Which of the following statements about Godavari river is INCORRECT?
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Which of the following states is the first to regulate the crops grown by farmers?
Which of the following is NOT a valid option in the 'Paragraph' setting window in MS-Word 2016?
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The Ministry of Skill Development and Entrepreneurship under Skill India Mission launched the third phase of Pradhan Mantri Kaushal Vikas Yojana (PMKVY ...