[Solved] Which of the following items are excluded from the scope of Ind AS 2 Inventories?

McqMate

Q.	Which of the following items are excluded from the scope of Ind AS 2 Inventories?
A.	inventories that are stated at net realisable value
B.	assets held for sale in the ordinary course of business
C.	inventories whose fair value is more than the cost
D.	agricultural produce at the point of harvest
Answer» D. agricultural produce at the point of harvest

2.9k

0

Do you find this helpful?

23

View all MCQs in

Corporate Accounting

Discussion

No comments yet

Related MCQs

What items of inventories are outside the scope of Ind AS 2?
Which of the following is not an asset that falls under the scope of Ind AS 16?
Which of the following items should be disclosed as per the requirements of Ind AS 2?
How many formats are permitted for income and expense items under Ind AS 1?
Under Ind AS 2, fixed production overheads should be allocated to items of inventory on the basis of ____ production capacity.
Which of the following is not a requirement in the financial statements under Ind AS 1?
Under Ind AS 16, which of the following is not allowable as a directly attributable cost of a machine?
Which of the following is covered by Ind AS 16 Property, Plant and Equipment?
Which of the following is not a requirement to capitalise development costs under Ind AS 38 Intangible Assets?
Which of the following is an intangible asset under Ind AS 38?