…….. deals with separate financial statements.

Related MCQs

• Which of the following statements are true? I) Financial statements are only interim report. II) Financial statements are also known as annual records. III) Financial statements are historic.
• Which of the following is true about financial statements? I)Financial statement gives a summary of accounts. II) Financial statements can be stated as recorded facts.
• Whether financial reviews by management, environment reports and value added financial statements are outside the scope of international financial reporting standards (IFRSs)?
• As per IAS 1, Presentation of financial statement, ______ no of items would constitute complete set of financial statements.
• An entity shall explain how the transition from previous GAAP to IFRSs __________ its reported financial position, financial performance and cash flows.
• Which of the following is not a requirement in the financial statements under Ind AS 1?
• Under Ind AS 1 how often should financial statements be prepared?
• Correcting the recognition measurement and disclosure of amounts in financial statements as if a prior period error had never occurred. This is:
• How should an asset be initially recognised in the financial statements?
• Accounting standards and Standards on Auditing establish standards which have to be complied with to ensure that financial statements are prepared in accordance with ______.