ITI Ltd, Indias first Public Sector Unit (PSU), manufactures and supplies telephone and communications equipment and parts.
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ITI Ltd, India’s first Public Sector Unit (PSU), manufactures and supplies telephone and communications equipment and parts. It is listed on the Bombay Stock Exchange. We present excerpts from the annual report of ITI Ltd for the financial year ended March 31, 2010.
(a) What does the above schedule of ITI Limited for FY2010 convey about its current position? Discuss.
(b) What is the important reason for the company making provision for obsolescence?
(c) What does it mean by having provisions in the inventory schedule? Discuss all the possible reasons in the case of ITI Limited.
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Related Book For
Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
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