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.
Statements:
Only Towels are Soaps.
Only few Towels are Shampoos.
All Shampoos are Conditioners.
Conclusions:
<...given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow...
Statement:
Some ducks are gooses.
All gooses are turkey.
No duck is hen.
No hens are parrot.
Con...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statement:
Each A is Z.
Only a few Z are B.
Some B are Y.
Conclusion:
I. All Z are A.
II. All A are not ...
Statement:
Only a few bottles are Knives.
No Knife is a charger.
Only rings are Chargers.
Conclusion:
I. Some kni...
Statements: some record are folder.
No folder is a data.
...
Statement : All books are pens.
Some pens are desks.
No desk is a chair.
Some chairs are tables.
Conclusion:
I. So...
Statements: Some laptop are phone.
All phone are tablet.
Conclusions: I. ...
