CA Final optionalexemptions — practice questions
15 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final optionalexemptions in the app →Under Ind AS 101's OPTIONAL EXEMPTIONS, an entity may elect to use FAIR VALUE OR REVALUED AMOUNT as DEEMED COSUnder Ind AS 101, an entity may elect to RESET CUMULATIVE TRANSLATION DIFFERENCES to ZERO at the date of transUnder Ind AS 101, an entity may avail an exemption for SHARE-BASED PAYMENTS so that:Sigma Ltd. issued convertible debentures (face ₹100, coupon 6%, redemption premium ₹10) carried at ₹31.5 cr unUnder Ind AS 101, a first-time-adopter lessee for an EXISTING OPERATING LEASE at the date of transition recognA subsidiary becomes a first-time Ind AS adopter LATER than its parent. Under Ind AS 101, the subsidiary may mUnder Ind AS 101, a PARENT COMPANY can carry its INVESTMENT IN A SUBSIDIARY in its SEPARATE financial statemenUnder Ind AS 101, a VAT DEFERRAL LOAN of ₹60 lakhs (interest-free, repayable in 5 years, with employment condiX Ltd. acquired 80% of Excel Pvt. Ltd. some years ago and recognised goodwill under previous GAAP without doinUnder Ind AS 101, a JOINT ARRANGEMENT previously accounted for via PROPORTIONATE CONSOLIDATION under previous Under Ind AS 101's exemption for NON-CURRENT ASSETS HELD FOR SALE / DISCONTINUED OPERATIONS, a first-time adopUnder Ind AS 101, IND AS 109 PROSPECTIVE APPLICATION of the rule that the fair value at initial recognition diUnder Ind AS 101, the DECOMMISSIONING LIABILITY exemption permits an entity to:Under Ind AS 101, the IMPRACTICABILITY exception for the SPPI test allows an entity:Under Ind AS 101, REVENUE FROM CONTRACTS WITH CUSTOMERS (Ind AS 115) transition can use exemptions including: