Accounting Standards do not permit following method of inventory valuation:
LIFO (Last-In-First-Out) is a method of inventory valuation where the cost of the last goods purchased or produced is assumed to be the cost of goods sold first. However, Accounting Standards do not permit the use of LIFO in inventory valuation. This is because LIFO results in the reporting of lower profits and lower taxes during inflationary periods, which can lead to inconsistent financial reporting across companies. Instead, companies are required to use either FIFO (First-In-First-Out) or weighted average cost method for inventory valuation in accordance with the Accounting Standards.
Empty barrels, plastic containers or styrofoam bodies in cage culture can be used for the purpose?
Water analysis of a bore well reports as under
CO32- : 1.2 mel-1
HCO32- : 4.0 mel-1
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According to Lindeman’s law how much energy is lost while transfer from one to next trophic level ?
It is plan of activities to be undertakon in a particular time sequence.
Which of the following is a fruit thinning plant growth regulator?
What is the cost of reclamation of acidic soils under RKVY?
‘The law of limiting factors’ was proposed by
Recently, Indian Agriculture Research Institute (IARI) successfully tested two new dwarf varieties of Kalanamak rice – Pusa Narendra Kalanamak 1638, 1...
Design suitable for one of the factor need larger plot and another smaller plot is