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    Question

    Which Accounting Standard deals with 'Accounting for

    Fixed Assets'?
    A AS 2 Correct Answer Incorrect Answer
    B AS 6 Correct Answer Incorrect Answer
    C AS 10 Correct Answer Incorrect Answer
    D AS 13 Correct Answer Incorrect Answer
    E AS 19 Correct Answer Incorrect Answer

    Solution

    AS 10 specifically deals with "Accounting for Fixed Assets." AS 2 is for Inventories, the old AS 6 was for Depreciation (now covered under Schedule II of the Companies Act and Ind AS 16), AS 13 is for Investments, and AS 19 is for Leases.

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