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Chapter Overview ........................................................................................................................................ 4.2

1. Meaning ............................................................................................................................................ 4.3
2. Inventory Valuation ....................................................................................................................... 4.3
3. Basis of Inventory Valuation........................................................................................................ 4.5
4. Inventory Record Systems ........................................................................................................... 4.8
5. Formulae/Methods to Determine Cost of Inventory .......................................................... 4.10
6. Inventories Taking ........................................................................................................................ 4.19
Summary ...................................................................................................................................................... 4.24
Test Your Knowledge ................................................................................................................................ 4.25

CHAPTER 5 : DEPRECIATION AND AMORTISATION ............................................. 5.1–5.49

Learning Outcomes ..................................................................................................................................... 5.1

Chapter Overview ........................................................................................................................................ 5.2
1. Introduction ..................................................................................................................................... 5.2
2. Factors in the Measurement of Depreciation ......................................................................... 5.5
3. Methods for Providing Depreciation ........................................................................................ 5.8
4. Profit or Loss on The Sale/Disposal of Property, Plant and Equipment ........................ 5.17
5. Change in the Method of Depreciation ................................................................................. 5.23
6. Revision of the Estimated Useful Life of Property, Plant and Equipment..................... 5.25
7. Revaluation of Property, Plant and Equipment .................................................................... 5.26
8. Intangible Assets .......................................................................................................................... 5.28
9. Amortisation .................................................................................................................................. 5.30
Summary ...................................................................................................................................................... 5.33
Test Your Knowledge ................................................................................................................................ 5.34

CHAPTER 6 : BILLS OF EXCHANGE AND PROMISSORY NOTES .............................. 6.1–6.36

Learning Outcomes ..................................................................................................................................... 6.1

Chapter Overview ........................................................................................................................................ 6.2

1. Bills of Exchange ............................................................................................................................. 6.2

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