Question

According to AS 2,cost of inventories should exclude
N
1.
O
Direct Labour Costs
2. O Interest On Loans
3. O
Production Overheads
4.
O
Cost​

Answer 1

Answer:

Answer is Option 2) Interest on Loans.

This is because AS-2 is associated with the costs associated with production and inventory (direct cost) whereas Interest on Loan is an indirect cost. So it is not a part of AS-2.

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Answer 2

Answer:

your answer is option 2

O interest on loans