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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.
Match the following states with percentage of population below the poverty line. According to the Planning Commission of India (2011-12).
What significant step has the Bihar government taken regarding temples and trusts recently?
In what form will investors receive the Gold bonds under GS Act, 2006?
Which of the following soil is also known as 'Regur Mitti'?
Which of the following Committee in the late 1990s recommended consolidation through a process of merging strong banks?
What is the power of Veto?
What is the objective of the Annual Mass Drug Administration (MDA) Campaign recently launched by the Uttar Pradesh government, and when is it scheduled ...
Cheetah was officially declared extinct in India in which year?
The Non-Cooperation Movement was launched in the year.
In the Udaagiri caves, the Hathigumpha inscription gives information about the military expeditions of which ruler?
