Question
While preparing cash flow statement, an entity (other
than a financial institution) should disclose the dividends received from its investment in shares as:Solution
As per AS-3 and Ind AS 7, for entities other than financial institutions, dividends received are classified as cash inflows from investing activities, because they represent returns on investments in other entities.
Section 115JAA allows which of the following?
A budget that includes planned sales, production levels, and costs is called the:
Which of the following is not a mandatory financial statement of a General Insurance Company as per IRDA regulations?
A listed insurer remeasures its defined benefit plan obligation at year-end, and also records fair value changes of equity instruments irrevocably desig...
Which of the following errors will not affect the trial balance?
Deepak and Vivek are partners sharing profit in the ratio of 3 : 2. They admit Ashu as a new partner for 1/5 share in the profit. Calculate the new pr...
Which of the following is NOT considered a qualitative characteristic of accounting information?
Financial statements of a company should be prepared as per ________ and they should give true and fair view.
Idle time can be normal or abnormal. Which of the following will be regarded as abnormal idle time?
The Coir Board is primarily responsible for the development of which sector?
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