Question

With respect to AS 13 relating to Accounting for Investments, which of the following statement is incorrect?

A This standard does not deal with the bases for recognition of interest, dividends and rentals earned on investments which are covered by AS 9 on Revenue Recognition
B This standard does not deal with operating or finance leases
C This standard deals with investments of retirement benefits plans and life insurance enterprises
D This standard deals with accounting for investments in the financial statements of enterprises and related disclosure requirements
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