The objective of Ind AS 1 Presentation of Financial Statements is to:
a)
provide
basis for presentation of general purpose financial statements
b)
sets
out overall requirements for the presentation of financial statements,
c)
sets
out guidelines for financial statements structure
d)
All of the above
An entity
shall apply Ind AS 1 in:
a)
preparing and
presenting general purpose financial statements in accordance with Indian
Accounting Standards (Ind ASs).
b)
preparing
and presenting financial statements in accordance with Indian Accounting
Standards (Ind ASs).
c)
preparing
and presenting financial statements in accordance with Accounting Standards.
d)
preparing
and presenting general purpose financial statements in accordance with
Accounting Standards.
Ind AS 1 does not apply to the
a)
structure and
content of condensed interim financial statements
b)
financial
statements prepared in accordance with Ind AS 34, Interim Financial Reporting.
c)
None
of the above
d)
Both a and b
Ind AS 1 “Presentation of
financial statements” applies to
a)
Consolidated
financial statements in accordance with Ind AS 110, Consolidated Financial
Statements,
b)
Separate
financial statements in accordance with Ind AS 27, Separate Financial
Statements.
c)
Both of the
above
d)
Only
a
Ind AS 1 does not apply to
a)
The structure
and content of Financial Statements prepared in accordance with Ind AS 34, Interim Financial Reporting
b)
Consolidated FS in accordance with Ind AS 110, Consolidated Financial Statements
c)
Separate
FS in accordance with Ind AS 27, Separate Financial Statements
d)
None
of the above
