Match the items of List - I with those of List - II and indicate the correct code :List - I (Accounting Standard) List - II (Relationship) (a) AS - 6 (iii) Depreciation Accounting (b) AS - 3 (iv) Accounting for Cash Flow Statement (c) AS - 10 (ii) Accounting for Fixed Assets (d) AS - 21 (i) Accounting for Consolidated Financial Statements
Matching Accounting Standards with their Concepts
This question requires matching the Accounting Standards (AS) listed in List - I with their corresponding accounting concepts or relationships mentioned in List - II.
Accounting Standards Matching
The correct pairings are determined as follows:
- AS - 6 deals with Depreciation Accounting.
- AS - 3 deals with Accounting for Cash Flow Statement.
- AS - 10 deals with Accounting for Fixed Assets.
- AS - 21 deals with Accounting for Consolidated Financial Statements.
| List - I (Accounting Standard) | List - II (Relationship) |
|---|---|
| (a) AS - 6 | (iii) Depreciation Accounting |
| (b) AS - 3 | (iv) Accounting for Cash Flow Statement |
| (c) AS - 10 | (ii) Accounting for Fixed Assets |
| (d) AS - 21 | (i) Accounting for Consolidated Financial Statements |
Based on these matches, the correct code is (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i).
Important Questions from Indian Accounting Standards and IFRS
AS–10 (new) has come into effect from
Match List I with List II:
List- I
Accounting Standard
List – II
Description
A.
Ind - AS : 1 (I)
Investments in Associates and Jot ventures B.
Ind - AS : 8 (II)
Presentation of Financial Statements C.
Ind - AS : 28 (III)
Interim Financial Reporting D.
Ind - AS : 34 (IV)
Accounting policies. changes in Accounting Estimates and Errors
Choose the correct answer from the options given below -The accounting standard AS3 (Revised) has become mandatory w.e.f. accounting periods beginning from 01-04-2001 for which of the following enterprise?
- Preparation of consolidated Balance Sheet of Holding Company and its subsidiary company is done as per
Which one of the following Ind AS is related to “The Effects of Changes in Foreign Exchange Rates”?
