Question

According to accounting standard icai, inventory Convers
​

Answer 1

Explanation:

However, as per Accounting Standard of ICAI (AS-2), inventory cost should comprise of all cost of purchases, cost of conversion and other costs incurred in bringing the inventories to the present location and condition. Cost of purchases should be exclusive of duties which are recoverable from the taxing authorities.

FOLLOW ME

MARK AS BRAINLIEST