📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which of the following Indian Accounting Standards is

    aligned with IFRS and applies to financial instruments?
    A Ind AS 101 Correct Answer Incorrect Answer
    B Ind AS 109 Correct Answer Incorrect Answer
    C Ind AS 115 Correct Answer Incorrect Answer
    D Ind AS 2 Correct Answer Incorrect Answer
    E Ind AS 12 Correct Answer Incorrect Answer

    Solution

    Ind AS 109 deals with recognition, measurement, and impairment of financial instruments, aligning with IFRS 9 globally. It's crucial for banks and NBFCs.

    Practice Next
    ask-question