Question
ICDS III deals with which of the following:
Solution
ICDS III (Income Computation and Disclosure Standard III) deals with Construction Contracts. It provides guidance on the recognition of revenue and determination of costs associated with construction contracts for the purpose of computing income under the Income Tax Act. This standard helps in determining the appropriate methods for recognizing revenue and costs related to construction projects.
The primary objective of Working Capital Management is to:
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What method is used to calculate the Sensex and Nifty indices in India?
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