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Banabhatta's account of Harshvardhana's Reign

Accounting st...

Question

Accounting standard on inventory valuation is not applicable to _____________.

A

Construction contracts

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B

Inventories of livestock, agricultural and forest products

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C

Stock of mineral oils, ores and gases

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D

All of the above

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Solution

The correct option is C All of the above
Accounting standard on inventory valuation is not applicable to1. Construction contracts2. Inventories of livestock, agricultural and forest products3. Stock of mineral oils, ores and gases

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