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Questions and Answers
Which financial statement provides information about the changes in equity of a company over a period of time?
Which financial statement provides information about the changes in equity of a company over a period of time?
- Statement of Changes in equity (correct)
- Accounting Policies
- Fair Value measurements
- Related party disclosures
Which concept in accounting refers to the significance or importance of an item or event in the financial statements?
Which concept in accounting refers to the significance or importance of an item or event in the financial statements?
- Materiality concept (correct)
- Indian Accounting standard (Ind AS)
- Guidance Notes on Ind AS aspects issued by the ICAI
- Finalization of Accounts as per Ind AS
Which aspect of accounting focuses on the measurement and reporting of the fair value of assets and liabilities?
Which aspect of accounting focuses on the measurement and reporting of the fair value of assets and liabilities?
- Consolidation of Accounts
- Accounting with respect to Associates, Joint Ventures, Subsidiary etc.
- Fair Value measurements (correct)
- Financial Instruments
