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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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