Podcast
Questions and Answers
What is the total value of stock included in the balance sheet of 7.NS Ltd. as on March 31, 2019?
What is the total value of stock included in the balance sheet of 7.NS Ltd. as on March 31, 2019?
- ₹7,25,000
- ₹5,35,000
- ₹6,25,000
- ₹6,35,000 (correct)
What is the total cost of raw materials introduced in the process?
What is the total cost of raw materials introduced in the process?
- ₹1,800
- ₹1,600
- ₹2,000
- ₹1,000 (correct)
What is the scrap value of each unit lost in the course of manufacturing?
What is the scrap value of each unit lost in the course of manufacturing?
- ₹5
- ₹2
- ₹3 (correct)
- ₹4
What is the percentage of units normally lost in the course of manufacturing?
What is the percentage of units normally lost in the course of manufacturing?
Which of the following statements is correct with respect to inventories?
Which of the following statements is correct with respect to inventories?
Which of the following method of inventory valuation is not recommended by AS-2?
Which of the following method of inventory valuation is not recommended by AS-2?
What is the estimated Selling Price of the Inventory?
What is the estimated Selling Price of the Inventory?
What is the Net Realisable Value of the Inventory at the end of Year 2?
What is the Net Realisable Value of the Inventory at the end of Year 2?
How is the Inventory valued at the end of Year 1?
How is the Inventory valued at the end of Year 1?
What is the impact in P&L at the end of Year 1?
What is the impact in P&L at the end of Year 1?
Which of the following is an example of an Adjusting Event?
Which of the following is an example of an Adjusting Event?
What is the estimated Selling Expenses of the Inventory?
What is the estimated Selling Expenses of the Inventory?
What is included in the cost of inventory as per AS-2?
What is included in the cost of inventory as per AS-2?
What is the correct disclosure of closing stock as at 31.3.2019 as per AS-2?
What is the correct disclosure of closing stock as at 31.3.2019 as per AS-2?
What is the cost of a partly finished unit as per AS-2?
What is the cost of a partly finished unit as per AS-2?
Why is the valuation of inventory critical according to AS-2?
Why is the valuation of inventory critical according to AS-2?
Where should the accounting policies regarding inventory valuation be disclosed?
Where should the accounting policies regarding inventory valuation be disclosed?
What is the purpose of disclosing accounting policies regarding inventory valuation?
What is the purpose of disclosing accounting policies regarding inventory valuation?
