As per AS-19 …………nlease risk and reward is not transferred to the lessee.

Related MCQs

• The Insurance Company cannot prevent the happening of risk but provide for losses at the happening of risk.
• …………….reporting helps uses of financial statements to better assess the risk and t returns of the enterprise.
• Insurance is a financial service for collecting the saving of the public and providing them with a risk of a coverage.
• As per AS architects services are not included in construction contract.
• As per AS 15 accumulated compensated absences can be carried forward if the current period entitlement is not used in full.
• As per AS -30 prepaid expenses are not financial instruments.
• As per AS 7 Research and Development cost is to be excluded from contract cost .
• In financial lease as per As-19 leased assets is shown in the Balanced sheet of--
• Earning per share is very important financial ratio is computed for assessing the state of --------------price of shares.
• As per As- 28 impairment of asset means decrease in the value of asset.