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 Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
