Question
Consolidated Financial statements are covered under
which of the following accounting standards?Solution
AS 21 Consolidated Financial Statements should be applied in preparing and presenting consolidated financial statements for a group of enterprises under the sole control of a parent enterprise. A parent company presenting its consolidated financial statements must present these statements along with its standalone financial statements. The users of financial statements of a parent company are typically concerned with and are required to be educated about, the results of operations and financial position of not only the company itself but also of that group together.
In the questions given below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
In the given question, three conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of...
Statements:
Some bangles are necklaces.
No necklace is a ring.
Only a few rings are anklets.
All anklets are earrings.
<...Statement : Â 75 % Minutes are Watch
Few Watch are Hour
All Hour are Month
Conclusion
I. Mostly Minutes are hour
...
Statements:
No key is a lock.
All locks are doors.
All windows are doors.
All windows are walls.
Conclusions:
Statement:Â
Only car are bus.
No bus is train.
Only bike are train.
Conclusion:
I. No train is car.
II. S...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Mostly animals are birds
No bird is reptile
Few reptiles are amphibians.
Conclusions:
I. All amphibians b...
Statements:
Only a few Novels are Journals.
Only a few Journals are Booklets.
All Booklets are Magazine.
Some Booklets are ...
Read the given statements and conclusions carefully. Assuming that the two statements are given followed by three conclusions numbered I, II and III. A...
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