As of November 2026, match the following topics with their Ind AS for a non-insurance company applying…
The matches are a-iv, b-iii, c-i and d-ii. Ind AS 117 addresses insurance contracts, Ind AS 12 income taxes, Ind AS 7 cash flows and Ind AS 2 inventories.
Choose your answer
As of November 2026, match the following topics with their Ind AS for a non-insurance company applying Ind AS:
| a. Insurance Contracts | i. Ind AS 7 |
| b. Income Taxes | ii. Ind AS 2 |
| c. Statement of cash flows | iii. Ind AS 12 |
| d. Inventories | iv. Ind AS 117 |
Answer and explanation
Correct answer A
The matches are a-iv, b-iii, c-i and d-ii. Ind AS 117 addresses insurance contracts, Ind AS 12 income taxes, Ind AS 7 cash flows and Ind AS 2 inventories.
Practice for these exams
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Andhra Pradesh SET (APSET)