Start learning 50% faster. Sign in now
Value of closing inventory is done at Cost or NRV whichever is lower on item-by item basis as per AS 2 or IAS 2 For Product X inventory = 7*100 = 700 For product Y inventory = 8*200 = 1600 For product Z inventory = 15*300 = 4500 So total closing inventory = 700+1600+4500 = 6800
A storm in a teacup
Select the most appropriate meaning of the bold idiom in the given sentence.
You must have a concrete project and not build castles in the ai...
Directions : An idiom/phrase is given in bold. Following this idiom/phrase are given three sentences, which use the given idiom/phrase. The idiom/phra...
Colleges cannot ______ to ragging because of the Anti Ragging Act.
Directions : Which of the following phrases (I), (II) and (III) given below the sentence should replace the emboldened phrase to make the sentence gram...
Select the most appropriate meaning of the given idiom.
Hue and cry
Directions : In the following question, three statements are given with an idiom highlighted in bold. You have to select the answer choice that has the...
A storm in a teacup
In each of the following questions a statement has been given with highlighted idioms. You are required to choose the meaning of the idioms from the op...