GSTR-1 is a return filed for: MCQ with Answer and Explanation

Explanation:
S1 is the correct definition of a cost driver. S2 is incorrect because duration drivers (which measure the time taken) are generally more accurate than transaction drivers (which merely count the number of times an activity occurs), though transaction drivers are cheaper to implement.

Explanation:
Convergence involves making domestic standards consistent with IFRS, with modifications if necessary.

Explanation:
AS 2 defines cost of inventory to include all costs of purchase, conversion, and other costs incurred in bringing the inventory to its present location and condition.