Match the following: a. Ind AS 16 1. Income Tax b. Ind AS 38 2. Leasing c. Ind AS 116 3. Intangible…
Ind AS 16 deals with property, plant and equipment, and Ind AS 38 deals with intangible assets. Ind AS 116 covers leases, while Ind AS 12 covers income taxes. The matching…
Choose your answer
Match the following:
| a. Ind AS 16 | 1. Income Tax |
| b. Ind AS 38 | 2. Leasing |
| c. Ind AS 116 | 3. Intangible Assets |
| d. Ind AS 12 | 4. Property, Plant and Equipments |
Answer and explanation
Correct answer A
Ind AS 16 deals with property, plant and equipment, and Ind AS 38 deals with intangible assets. Ind AS 116 covers leases, while Ind AS 12 covers income taxes. The matching is a-4, b-3, c-2, d-1.
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Kerala SET (LBS Centre)