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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.
When a borrower opts for an insurance policy in connection with a loan, it is a case of _______
Which ethical principle involves treating others with fairness and impartiality?
National Housing Bank ceased to be the regulator of Housing Finance Companies since:
How much funding did SIDBI receive from the Green Climate Fund to create a $1 billion corpus?
Which of the following is not included in core inflation?
How does fairness contribute to ethical business practices?
Which of the following most likely increases the wealth of shareholders?
Which of the following most likely increases the wealth of shareholders?
