Q1037
What items of inventories are outside the scope of AS-2? 1. Work-in-progress arising under construction contracts. 2. Raw materials including maintenance supplies. 3. Share, debentures held as stock-in-trade. 4. Machinery spares exclusively used with fixed assets. Select the correct answer:
A.
1, 3 and 4
AnswerB.
1, 2 and 4
C.
2, 3 and 4
D.
All of these
Answer: Option A
Solution
Answer: Option A
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