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      Question

      The accounting for 'Consolidated Financial Statements'

      is dealt with under:
      A AS 21 Correct Answer Incorrect Answer
      B AS 23 Correct Answer Incorrect Answer
      C AS 27 Correct Answer Incorrect Answer
      D AS 29 Correct Answer Incorrect Answer

      Solution

      Accounting Standard (AS) 21, "Consolidated Financial Statements," deals with the preparation and presentation of consolidated financial statements for a group of companies under the control of a parent.

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