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Which accounting standard governs the valuation of inventory?

Practice Questions

1 question
Q1
Which accounting standard governs the valuation of inventory?
  1. IFRS 15
  2. IAS 2
  3. IFRS 9
  4. IAS 1

Questions & Step-by-step Solutions

1 item
Q
Q: Which accounting standard governs the valuation of inventory?
Solution: IAS 2 is the accounting standard that deals specifically with the valuation of inventory.
Steps: 0

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