Page 10 - IC46 addendum

c. Indian AS General Insurance Accounts (IC-46)
e. Ind FS
d. Indian IFRS

5. How many IND AS has been notified by

the Ministry of corporate affairs?

a. 36 b. 37

c. 38 d. 39

e. 49

6. From which financial year the

implementation of IND AS is mandatorily

applicable:

a. 2015-16 b. 2016-17

c. 2014-15 d. 2013-14

e. 2017-18

7. Which of the statements are not correct?
a. Financial accounting is used as language of

business for communicating the financial
results of an enterprise to various
stakeholders through financial statements.
b. A financial accounting processes not properly
regulated by a proper accounting rules and
laws there is possibility of financial statements
being misleading and misrepresentative.

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