Match the items of List-I with the items of List-II and choose the correct answer from the code given…
Under Indian Accounting Standards (AS), AS-1 (a) deals with Disclosure of Accounting Policies (ii); AS-3 (b) deals with Cash Flow Statements (iv); AS-10 (c) deals with…
Choose your answer
Match the items of List-I with the items of List-II and choose the correct answer from the code given below.
(a) AS-1 — (i) Accounting for fixed assets
(b) AS-3 — (ii) Disclosure of accounting policies
(c) AS-10 — (iii) Leases and its accounting
(d) AS-19 — (iv) Cash flow statements
Answer and explanation
Correct answer B
Under Indian Accounting Standards (AS), AS-1 (a) deals with Disclosure of Accounting Policies (ii); AS-3 (b) deals with Cash Flow Statements (iv); AS-10 (c) deals with Accounting for Fixed Assets / Property, Plant and Equipment (i); and AS-19 (d) deals with Leases and their accounting (iii).
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UGC NET Commerce