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Disclosure of Accounting Policies Accounting Policies refer to specific accounting principles. Also, the method of applying those principles adopted by the enterprises in the preparation and presentation of the financial statements. Valuation of Inventories The objective of this standard...

What is Accounting? Accounting is the art of recording transactions in the best manner possible, so as to enable the reader to arrive at judgments/come to conclusions, and in this regard, it is utmost necessary that there are set...