Which among the following deals with Accounting for Inventories?
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.
In the case of Maruti-Suzuki, the Union Government surrendered partial ownership and sold the majority stake to Suzuki of Japan in the course of time. T...
Which of the following is an example of “Non-current liabilities”?
Under which section of the Income Tax Act, 1961, is the term "person" defined?
What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
Which of the following is not a fixed asset?
IRR would favour a project proposal which has _________.
Ajay draws a bill on Vinay for ₹ 60,000. Vinay accepts it. Ajay endorses it to Chintu in settlement of ₹ 70,000 at 2% discount and the balance in ca...
Internal auditor is removed and appointed by which among the following?
Company A sold machinery having a WDV of ₹ 40 lakh to Company B for ₹ 50 lakh (FV ₹ 50 lakh) and the same machinery was leased back by Company B T...
Family Pension is taxable under which head of Income?