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Ind AS 41 deals with


A) Biological assets
B) Accounting for agriculture
C) Interim reporting
D) None of these

E) A) and C)
F) None of the above

Correct Answer

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Consideration which varies upon certain future events which may or may not occur is called….


A) Variable consideration
B) Future consideration
C) Agreed price
D) None of these

E) A) and D)
F) A) and C)

Correct Answer

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Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called


A) Operating activity
B) Investment activity
C) Income producing activity
D) Financing activity

E) None of the above
F) All of the above

Correct Answer

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" Deferred tax asset is not a component of statement of financial position"


A) Statement is true
B) Statement is false
C) Statement is not relevant as per IAS1
D) This item is not considered for reporting

E) A) and C)
F) C) and D)

Correct Answer

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