CA Final fsanalysis — practice questions
14 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final fsanalysis in the app →Under the Companies Act 2013, the FORMAT AND CONTENT of corporate financial statements is governed by:Under Schedule III to the Companies Act 2013:The financial statement format prescribed by Schedule III does NOT apply to:Under Schedule III, the company has committed to several capital purchases of property, plant and equipment. IA company's annual report contains, alongside the financial statements, MANAGEMENT COMMENTARY, CSR REPORTING, An accounting policy note states: "Balances of debtors, creditors and loans and advances are subject to reconcA company decides to disclose CLOUD-BASED REVENUE separately even though it is < 5% of total revenue (other reStar Ltd. advances ₹15 lakhs as housing loan to an employee at 6% interest (market rate 10%), repayable in 5 ePluto Ltd. TEMPORARILY STOPS USING a manufacturing plant on 30 September because demand has declined, but the Schedule III prescribes that line items, sub-line items and sub-totals MAY be presented as ADDITION or SUBSTITUnder Ind AS 1, the accounting policies note should DISCLOSE which policies?A company's note states: "Land not registered in the name of the company has been given for the use of group cUnder Schedule III, INTEGRATION OF NOTES (best practice) means:Under the financial reporting framework, GOOD financial statements should provide a TRUE AND FAIR VIEW, be REL