The accounting concept that is principally used to classify leases into operating and finance is…….

Related MCQs

• Indian accounting standards are the International financial reporting standards converged standards issued by the central government of India under the supervision and control of accounting standards board of ICAI and in consultation with __________.
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• Computerized accounting requires transaction data to be entered into………………………
• Accounting standards and Standards on Auditing establish standards which have to be complied with to ensure that financial statements are prepared in accordance with ______.
• Sources of finance of the redemption of debentures are:
• Dividend paid or declared are subject to corporate dividend Tax @ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ as per recent finance Act.
• Dividend paid are subject to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Tax @ 17% as per recent Finance Act
• Under Ind AS 16, which two subsequent accounting treatments are allowed subsequently to initial recognition?
• After convergence of Indian accounting standards with IFRS, new standard issued for preparing the cash flow statement is: