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ICDS II (Income Computation and Disclosure Standards II) focuses on providing guidelines for the valuation of inventories. Inventories refer to goods held by a business for the purpose of resale, production, or consumption. This standard ensures that inventories are valued appropriately in a consistent manner to reflect their true economic value. Proper valuation of inventories is crucial for determining accurate profits and financial positions in a business. The standard outlines principles and methods for determining the cost of inventories, including factors such as purchase cost, production cost, and overhead allocation. This helps in maintaining consistency and transparency in financial reporting across different businesses.
KYC guidelines followed by the Banks have been framed on the recommendations of the ______
The Headquarter of Bhartiya Mahila Bank (BMB) is situated at
Which one of the following statements is true
Which is India’s oldest joint stock bank that is still operational?
Under which Act, Banking ombudsman has been constituted?
Which of the following are not the Money market instruments?
Which one of the following statements is true
Bank rate is
What is the full form of NPCI?
Which of the following is true about the discounting of bill of banks?
I. Banks provide short-term finance by discounting bills, by making pay...
