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What items of inventories are outside the scope of AS-2 1...

This question belongs to Commerce Accounting
Accounting
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What items of inventories are outside the scope of AS-2?
1. Work-in-progress arising under construction contracts.
2. Raw materials including maintenance supplies.
3. Share, debentures held as stock-in-trade.
4. Machinery spares exclusively used with fixed assets.
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Answer & Solution
Correct Answer: Option A
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