AS – 7 deals with accounting for Government grants.

Related MCQs

• The important objective of Accounting standards is to the …………..diverse accounting policies and practices at present in use in India.
• AS-7 deals with accounting for construction contracts in financial statements of
• AS 15 deals with the accounting for retirement benefits in the financial statements of --------------
• Govt. grants become -----------because of non fulfillment of the conditions attached to that grant.
• The accounting standards Board (India) was formed by the Institute of Chartered Accountants of India in April---------------
• Accounting Standards in India are Issued by the …………..
• Accounting Standards are beneficial not only to the business enterprises but also to the………….. as well.
• Revised AS 15 – Employees benefits is applicable in respect of accounting periods commencing on or after 1st April ----------
• A 25 focuses on change in accounting policies also.
• ………….method of branch accounting is usually adopted when the branch is of the small size.