Question
Accounting Standard 2 (Revised) provides the _______ method for computing the cost of inventories.
Accounting Standard 2 (Revised) provides FIFO (First in First Out) or Weighted average method for computing the cost of inventories. It has recommended the use of specific Identification Method Only In case of goods or services which are meant for specific projects.More Accounts Questions
- When two or more companies come together to expand their business operations in a newly created entity, it is called _________.
- The cost of 'Redeemable Preference Share Capital' for a company is calculated by considering:
- The 'Payback Period' method of capital budgeting evaluates a project based on:
- Micro enterprises under MSME are defined (as per revised criteria) as units with investment up to:
- The software module within an ERP system that specifically handles employee payroll, benefits, and recruitment is:
- An instrument which is vague and cannot be clearly identified either as a bill of exchange, or as a promissory note, is called as:
- While calculating the claim outstanding at the end, which claims are considered?
- Capital asset excludes all except-
- A company borrows ₹100 lakh at 10% interest to construct an asset over 2 years. It spends ₹60 lakh in Year 1. What borrowing cost is capitalized in Year 1?
- As per the GFR rule applicable for GeM direct buying can be adopted for purchase orders in the range: -
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)