Welcome to ixamBee
Continue with your mobile number
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.
Which of the following is NOT a duty of the insured in case of a loss?
Which is liability coverage for contents within a renter’s residence?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as?
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
The Payment to the policyholder at the end of the stipulated term of the policy is called?
What is the abbreviation of ADB in insurance?
The principle of "subrogation" in insurance refers to:
Which of the following company is not a foreign insurance company?
What does the preamble of an insurance policy NOT typically include?
If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?
