Specific principles, bases, conventions, rules and practices applied in presenting financial statements, are called,

Related MCQs

• ………………..is the process of determining the monetary amounts at which the elements of financial statements are recognized and carried in the financial statements.
• ….. is a financial reporting period shorter than a full financial year
• Applying a new policy to transaction as if that policy had always been applied. This is called,
• ……….is the amount of income taxes payable on the taxable profit for a period, in accordance with rules established by the tax authorities
• Omission or misstatement in entity’s financial statement for one or more prior period is called
• Under Ind AS 1, which of the following must be disclosed on the statement of financial position?
• The process of converting foreign subsidiary financial statement into the home currency is known as …
• When the recoverable amount of an asset is less than its carrying value in the statement of financial position, the asset is said to be
• ” Deferred tax asset is not a component of statement of financial position”
• Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called