Accounting Standards MCQ
Accounting Standards MCQ
21. Financial accounting is concerned with –
22. Accounting principles are generally based upon:
23. The system of recording based on dual aspect concept is called:
24. Fixed assets and current assets are categorized as per concept of:
25. Accounting standards and Standards on Auditing establish standards which have to be complied with to ensure that financial statements are prepared in accordance with ______.
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26. Change in accounting estimate is __________
27. Indian accounting standards are the International financial reporting standards converged standards issued by the central government of India under the supervision and control of accounting standards board of ICAI and in consultation with __________.
28. Preparation of consolidated Balance Sheet of Holding Co. and its subsidiary
company as per
29. The share of outsiders in the Net Assets in subsidiary company is known as under :
30. Pre-acquisition profit in subsidiary company is considered as:
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