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      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 Correct Answer Incorrect Answer
      B This standard does not deal with operating or finance leases Correct Answer Incorrect Answer
      C This standard deals with investments of retirement benefits plans and life insurance enterprises Correct Answer Incorrect Answer
      D This standard deals with accounting for investments in the financial statements of enterprises and related disclosure requirements Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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