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The document discloses the accounting policies adopted for various ICDS as follows: 1) All significant accounting policies are disclosed in the notes to the financial statements. 2) Inventories are valued at cost or net realizable value whichever is less using the FIFO method. An exclusive method is used for purchases, sales and valuation of stock. 3) Details of fixed assets are disclosed in the tax audit report including that depreciation is computed as per the Income Tax Act and the cost comprises the

Author

AFGHAN IMRAN

Language

EN