Question

    ICDS IV primarily deals with which aspect of financial

    reporting
    A Measurement of financial instruments Correct Answer Incorrect Answer
    B Recognition of deferred tax assets and liabilities Correct Answer Incorrect Answer
    C Accounting for employee benefits Correct Answer Incorrect Answer
    D Revenue Recognition Correct Answer Incorrect Answer

    Solution

    ICDS IV, titled "Revenue Recognition," primarily deals with the recognition, measurement, and disclosure of revenue in financial statements. It provides guidance on how to account for various types of revenue earned by an entity.

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