A. The International Accounting Standards Board

B. The Institute of Chartered Accountants of India

C. The Financial accounting standard boa

A. International Accounting Standards Board.

B. International Auditing Practices Committee.

C. International Federation of Accountants.

D. None of the above

A. Book keeping

B. Classifying

C. Summarizing

D. Analyzing

A. Employs benefit schemes

B. Impairment of losses

C. Inventory obsolescence

D. All of the above

A. Current assets

B. Fixed assets

C. Intangible assets

D. Investments

A. Are bought to be used in the business.

B. Are expensive items bought for the business

C. Are items which will not wear out quickly

D. Are of long life and are not purchased specifically for resale

A. Current assets

B. Fixed assets

C. Intangible assets

D. Investments

A. The amount of Goodwill or Capital Reserve is found out in the books of purchasing company only

B. The amount of Goodwill or Capital Reserve is found out in the books of vendor company only.

C. Goodwill = Net Assets – Purchase price

D. The face value of shares of purchasing company will be taken in to account while calculating purchase consideration.

A. Goodwill Rs. 8,777

B. Capital Reserve Rs. 8,777

C. Goodwill Rs. 15,913

D. Capital Reserve Rs. 15,913

A. Same

B. Different

C. Important

D. Some