” Deferred tax asset is not a component of statement of financial position”

Related MCQs

• 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
• Under Ind AS 1, which of the following must be disclosed on the statement of financial position?
• Carrying amount of an asset as on 1st April 2015 is Rs. 1500000 and depreciation for the year 2015 – 2016 is 15000. Fair value of the asset less cost of disposal as on 31 March 2016 is Rs. 120000. Which of the following is the carrying amount at 1st April 2106?
• Adjustment of the carrying amount of an asset or liability or the consumption of an asset is defined as,
• Amount attributed to the asset or liability for tax purpose is called
• A statement showing information on increase or decrease in net asset or wealth of an entity is called…
• ………………..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
• The process of converting foreign subsidiary financial statement into the home currency is known as …
• Omission or misstatement in entity’s financial statement for one or more prior period is called