Question
As per accounting standards, inventory is to be valued
at cost or net realizable value. Which of the accounting principle forms the basis of this standard?ÂSolution
According to the Conservatism (Prudence) principle, expected losses should be recorded but gains should not. Hence, inventory is valued at lower of cost or net realizable value to avoid overstating assets.
What is the focus of Gautam Bhatia's book "Unsealed Covers: A Decade of the Constitution, The Courts And The State"?
Sampark 4.0 is an outreach initiative of which organization?Â
- How many offset methodologies have been approved under India’s Carbon Offset Mechanism as per the latest amendment?
According to a United Nations report released in March 2026, women globally hold approximately what percentage of the legal rights enjoyed by men?
Despite pledging to reduce fossil fuel subsidies, the G20 countries increased the amount of public money flowing into coal, oil, and gas in 2022. What w...
Central government has extended the decision to keep ‘free-import’ policy for two varieties of tur and urad by _____.
During Operation Muskaan-XI, how many children were specifically found in child labour?
Which of the following platforms was NOT included in the RBI’s Alert List of unauthorised forex trading entities?
Which national digital platforms were highlighted during the 2025 RODHS as examples of interoperable systems?
Consider the following statements about INS Sandhayak:Â
1.   Recently DRDO delivered INS Sandhayak to the Indian Navy on the occasion of Nav...
