Which of the following is a non-cash item in the Profit & Loss Account? MCQ with Answer and Explanation

Explanation:
MPC is responsible for setting the policy repo rate to achieve inflation target.

Explanation:
In marginal costing, fixed overheads are treated as period costs and are not included in the cost of production. This is because marginal costing focuses on variable costs for short-term decision making. Both are true, but R is the underlying principle, not just an explanation of ignoring fixed costs.

Explanation:
Contingent asset is not recognized but disclosed if probable.