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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.
Which of the following statements is/are incorrect in regards to Green development?
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When was Bandhan Bank formed?
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In a certain code language, 'SIGMA' is written as 'FVTZN' and 'FNYRQ' is written as 'SALED'. How will 'ARJUN' be written in that language?
The ratio of two numbers is 7 : 5, and their HCF is 6. What is their LCM?
Which of the following gases is used in refrigerators?
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2. Bonds help in Capital Prese...
Which of the following is correct regarding Comptroller and auditor General of India (CAG)?
Which of the following is not a mosquito borne disease ?