As per AS 15 accumulated compensated absences can be carried forward if the current period entitlement is not used in full.

Related MCQs

• Rebate of Bills discounted is an income received in advanced which is carried forward as other liability.
• Determine Working capital turnover ratio if, Current asset is Rs 1,50,000, current liability is Rs 1,00,000 & cost of goods sold is Rs 3,00,000.
• The period for which a policy is taken known ……………….as period
• Which of the following is not included in current assets.
• Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.
• …………….asset is one which has been classified as non-performing asset for period not exceeding than………….years
• Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years.
• As per AS-19 …………nlease risk and reward is not transferred to the lessee.
• As per AS architects services are not included in construction contract.
• As per AS -30 prepaid expenses are not financial instruments.