Adoption, Convergence & Interpretation of IFRS & Accounting Standards in India – Corporate and Management Accounting MCQ

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Adoption, Convergence & Interpretation of IFRS & Accounting Standards in India – Corporate and Management Accounting MCQ

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Ind AS-11 deals with:

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Ind AS-7:

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Ind AS-2

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Ind AS-2 provides for reversed of the write-down of inventories to:

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IAS-1 allows the classification of expenses based on within the equity.

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IAS-1 requires:

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Ind AS-1 requires that classification of expenses be presented on the basis of –

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Ind AS-1 requires disclosure of critical assumptions about the future and other sources of measurement uncertainty

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The main objective of the Ind AS- 10 is:

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Ind AS-7 deals with:

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Ind AS-34 requires the following in the contents of an interim financial report in addition to what was required under previous standard AS-25 condensed balance sheet, a condensed statement of profit and loss, a condensed cash flow statement –

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Ind AS-20 requires government grants of the nature of promoters contribution to be –

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Ind AS-11 requires contract revenue to be measured at –

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Under Ind AS-1, presentation of any items of income or expense as extraordinary is

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