Start learning 50% faster. Sign in now
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.
Add suitable question tags to the following statements from among the choices given below them
The book as well as the pen ______ on the table....
A) abject
B) Accretion
C) Litigant
D) Wretched
...Fill in the blank with Suitable option.
Turn the lights ______, I want to go to bed.
When I …….. the premises, she will follow me.
Rashmi and Rahul’s father ………. not well.
The person who conducts sales at which goods are sold to the persons making the highest bid or offer is called ......
Piping Hot
Three Idiots.....really a watchable movie.
Have a screw loose
State which type of sentence is this?
The book that I bought yesterday is interesting.