Page 38 - IC46 addendum

General Insurance Accounts (IC-46)

d. Intangible assets.
e. Separate financial statements.

70. IND AS 40 as notified by MCA deals with:
a. Impairment of assets.
b. Provisons, contingent liabilities and

contingent assets.
c. Related party disclosure.
d. Consolidated financial statements.
e. Investment property.

71. IND AS 41 as notified by MCA deals with:
a. Agriculture.
b. Interim financial reporting.
c. Related party disclosure.
d. Intangible assets.
e. Separate financial statements.

72. Accounting standard, 1 recognises which

fundamental accounting assumptions:

a. Going concern b. Consistency

c. Accrual d. Only a and B

e. A, B and C

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