[Solved] When is offsetting permitted under Ind AS 1?

McqMate

Q.	When is offsetting permitted under Ind AS 1?
A.	always
B.	never
C.	when required or permitted under an ifrs
D.	when approved by the board of directors
Answer» C. when required or permitted under an ifrs

777

0

Do you find this helpful?

1

View all MCQs in

Corporate Accounting

Discussion

No comments yet

Related MCQs

How many formats are permitted for income and expense items under Ind AS 1?
Which of the following measurement models is not permitted for the subsequent measurement of intangible assets under Ind AS 38?
Which of the following cost models is not permitted under Ind AS 2?
Which of the following is not a requirement in the financial statements under Ind AS 1?
Under Ind AS 1 how often should financial statements be prepared?
Under Ind AS 16 how often the useful life of an asset should be reviewed?
Under Ind AS 16 if an asset is idle
Which of these is an allowable cost of an asset under Ind AS 16?
Under Ind AS 16, which of the following is not allowable as a directly attributable cost of a machine?
Under Ind AS 16, which two subsequent accounting treatments are allowed subsequently to initial recognition?