Statement 1: Value added is calculated as difference between value of output and value of intermediate consumption
Statement 1: Value added is calculated as difference between value of output and value of intermediate consumption.
Statement 2: Value Added Method is also known as Distributive Share Method.
Alternatives:
(a) Both the Statements are true
(b) Both the Statements are false
(c) Statement 1 is true and Statement 2 is false
(d) Statement 2 is true and Statement 1 is false
Anurag Pathak Changed status to publish December 10, 2023
Ans – (c)
Statement 1 is true as Value added is the difference between the value of output and intermediate consumption.
Value Added = Value of Output – Intermediate Consumption
Statement 2 is false as the distributive method is not the alternative name of the value-added method.
Anurag Pathak Changed status to publish December 10, 2023
