Which of the following is not included in cost of inventory ?
Under accounting standards (AS-2 / Ind AS-2), the cost of inventory includes purchase cost, import duties, freight/transportation inward, and conversion costs, but excludes…
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Which of the following is not included in cost of inventory ?
Answer and explanation
Correct answer D
Under accounting standards (AS-2 / Ind AS-2), the cost of inventory includes purchase cost, import duties, freight/transportation inward, and conversion costs, but excludes selling and distribution costs.
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Rajasthan SET (RSET)