Reasons for inventories being sold for less than their cost could be: (i) Damage to the inventories
Question:
Reasons for inventories being sold for less than their cost could be:
(i) Damage to the inventories and obsolescence
(ii) General fall in the market price of the goods
(iii) Fall in the production cost for use of better technology
A. all three
B. (i) and (iii) only
C. (i) and (ii) only
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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