Menu
Query related to as 2
Although being a technique for decision making and a technique which shows correct profit why AS 2 does not allow MARGINAL COSTING to be used for accounting purpose?
Replies (1)
As you just said, it shows CORRECT PROFIT and not CORRECT COST! :)
Marginal Costing ignores the Fixed Cost Component, which FORMS part of the cost of inventory, hence, not allowed.
Recent Threads
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
Related Threads
CAclubindia
