Question
Which accounting standard governs the treatment of
inventories in India?Solution
Ind AS 2 - Inventories is an accounting standard in India that prescribes the treatment of inventories in financial statements. It aligns with the International Financial Reporting Standards (IFRS) and provides guidelines on how to measure, present, and disclose information about inventories in a consistent and comparable manner.
Which of the following countries borders Persian Gulf?
1.IraqÂ
2.Kuwait
3.UAE
4.JordanÂ
5.Bahrain
6.Qatar
Which of the following state won the Senior National Men’s Handball Championship for the first time in 2025?
In which year does Oil India Ltd aim to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its net zero carbon emissions goal?
What conditions favour the development of a heatwave?
1.Prevalence of hot dry air over a region
2.Absence of moisture in the upper atmosph...
When was the Ministry of Education (MoE) created?
Which of the following statements accurately describes superbugs?
Which organization recently received in-principle RBI approval for a Cross-Border Payment Aggregator license?
Who received the National Youth Award 2025 for pioneering educational reform?
In which city India’s quantum Computing Based Telecom Network Link is now Operational ?
Where are the UNESCO World Heritage Elephanta Caves located?
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