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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.
Metals generally have very high melting point. The metal which is exception to this property of metals is-
Which of the following is land holding of marginal farmers?
Trashing, Arrowing and Ratooning are common practices in
Which of the following fish has lungs as labyrinth?
In a vector having two or more target sites in a non essential portion of DNA for the cloning is known as ___
What is the range of Drainage coefficient?
Which chemical is used in seed treatment to protect maize seeds from shoot fly?
The Cabinet Committee on Economic Affairs has approved Fair and Remunerative Price (FRP) of sugarcane as ____ (Rs/quintal) for sugar season 2022-23.
“Golden treasure” of Assam is known to which silk
Sprinkler irrigation system remains a better choice for irrigating areas that have