Q.

How are unallocated overheads treated as per Ind AS 2?

A. recognise as an expense in the period in which they are incurred
B. recognise as an expense so long as there is a profit in the current period
C. treated as deferred expenditure
D. capitalised with the cost of inventories
Answer» A. recognise as an expense in the period in which they are incurred
1.6k
0
Do you find this helpful?
13

View all MCQs in

Corporate Accounting

Discussion

No comments yet