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A Shares and debentures held as stock B All of these D Agricultural commodities
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AS-2 is not applicable to agricultural commodities, shares and debentures held as stock and live stock.AS-2 describes the valuation of inventories. This accounting standard is applicable to all companies irrespective of their level. This standard prescribes the accounting treatment for inventories and sets the guidelines to determine the value at which the inventories are carried in the financial statements.
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