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Repost from CA INTER DAILY TARGET ( SEP 24)
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While preparing cash flow statement an entity other than a financial institution should disclose the dividends received from its investment in shares as
Crown Ltd wants to prepare it's cash flow statement.it sold equipment of book value of ₹60,000 gain of ₹8000.The amount to be reported in its cash flow statement under operating activities is
Any changes in the accounting policies which has a material effect should be disclosed.where the amount by which any item in the financial statement is affected by such changes is not ascertainable wholly or in part the fact need not to be indicated
All significant accounting policies adopted in the preparation and presentation of the financial statement should form part of the financial statement
If fundamental accounting assumptions are not followed in presentation and preparation of financial statements,a specific disclosure is not required
Certain fundamental accounting assumptions underline the preparation and presentation of the financial statement.They are usually specially stated because their acceptance and use are not assumed
Which of the following are fundamental accounting assumptions
Any changes in accounting policies which has a material effect should be disclosed
Adoption of different accounting policies by different companies operating in same industry affect which of the qualitative characteristics the most
Which of the following is not a major consideration in selection and application of accounting policies
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