Omission or misstatement in entity’s financial statement for one or more prior period is called

Related MCQs

• ….. is a financial reporting period shorter than a full financial year
• ………………..is the process of determining the monetary amounts at which the elements of financial statements are recognized and carried in the financial statements.
• When after the end of the reporting period an event occurs that is indicative of conditions that arose after the end of the reporting period:
• 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”
• Specific principles, bases, conventions, rules and practices applied in presenting financial statements, are called,
• As per IFRS15, an agreement between two or more parties that creates enforceable right and obligation is called….
• A statement showing information on increase or decrease in net asset or wealth of an entity is called…