Consider the following statements: 1. According to the Companies Act 2013, 'goods-in-transit' shall not be disclosed...
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Consider the following statements: 1. According to the Companies Act 2013, 'goods-in-transit' shall not be disclosed under the sub-head of inventories. 2. The new Company Act 2013 says that 'goods-in-transit' shall also be shown as an inventory. 3. New Company Act 2013 describes that the mode of valuation of 'goods-in-transit' shall also be disclosed. Which of the above statement/s is/are correct? A B с D Only 3 Only 1 2 and 3 1 and 2 Consider the following statements: 1. According to the Companies Act 2013, 'goods-in-transit' shall not be disclosed under the sub-head of inventories. 2. The new Company Act 2013 says that 'goods-in-transit' shall also be shown as an inventory. 3. New Company Act 2013 describes that the mode of valuation of 'goods-in-transit' shall also be disclosed. Which of the above statement/s is/are correct? A B с D Only 3 Only 1 2 and 3 1 and 2
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D 1 and 2 EXPLANATION The mode of valuation of goods in transit shoul... View the full answer
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