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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.
In which of the following cities is the Central Rice Research Institute located?
Which city is known as the 'Big Apple'?
. ‘YOUR FAITHFUL AND FRIENDLY FINANCIAL PARTNER’ is the tag line of which Bank?
Who among the following is known as the Father of the Indian Constitution?
Which of the following statements is correct?
A. RBI conducts repo once in a week
B. Repo or repurchase option is an un-collateralized lending
Salinization occurs when the irrigation water accumulated in the soil evaporates, leaving behind salts and minerals. What are the effects of salinizatio...
Kailasanathar Temple is located in which Indian state?
Which of the following is not correctly matched?
Central Pay Commissions : Chairman
...Which state is associated with the folk dance 'Gotipua'?
The elections for Lok Sabha are held every:
