Accounting standard

which as is applicable on inventories
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Quick Summary
This discussion clarifies that Ind AS 2 is the applicable Indian Accounting Standard for the accounting of inventories. It specifically addresses the standard that governs how inventories should be valued and presented in financial statements under the Indian accounting framework.

IndAS 2

This standard is applicable to accounting for inventories.

AS 2 in accounting standards
IND AS 2 in Indian accounting standards

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