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As per AS – 2, the inventories are to valued at cost or NRV, whichever is lower. Here, cost = 18 and NRV = 24-3=21. So, lower among the two is cost, i.e. 18*500 units.
Which are the two most essential rights to a democracy?
Identify the incorrect initiative that was launched by the Government of India to reduce NPA?
Which of the following is a financial strategy that should be understood and used by investors because of the advantages it offers?
Indian Olympic Association (IOA) was formed in the year ______.
Central government launch Swachh Vayu Sarvekshan as part of National Clean Air Programme (NCAP), It may help to reduce air pollution up to 40 per cent b...
How many consecutive years of no customer-initiated transactions classify an account as inoperative?
Which country has appointed Olympic Gold medalist Neeraj Chopra as the ‘Friendship Ambassador’?
In which year was the 'Naye Bharat Ke Sapne' campaign launched by Meta and the Ministry of Women?
Which of the following festival of Tamil Nadu is related to river Cauvery?
In which of the following oceans did an international team of researchers found that acidity levels in the western region are raising 3 to 4 time faster...