Question

Which Accounting Standard deals with 'Accounting for Fixed Assets'?

Q: Answer-Which Accounting Standard deals with 'Accounting for Fixed Assets'?

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.

A AS 2

B AS 6

C AS 10

D AS 13

E AS 19

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Which Accounting Standard deals with 'Accounting for Fixed Assets'?

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