CA Final subsequentmeasurement — 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 subsequentmeasurement in the app →Under Ind AS 109, a financial asset measured at AMORTISED COST is initially recognised at:Under Ind AS 109, financial liabilities are CLASSIFIED on initial recognition as either AMORTISED COST or FVTPUnder Ind AS 109, an entity that makes the IRREVOCABLE election to measure an equity instrument at FVOCI:Under Ind AS 109, an inter-company loan from a PARENT to its SUBSIDIARY for ₹10 lakh, interest-free, repayableUnder Ind AS 109, a contractual modification of an existing financial LIABILITY is considered SUBSTANTIAL (andUnder Ind AS 109, financial assets can be RECLASSIFIED:Under Ind AS 109, a TRADE PAYABLE for purchase of goods on 45-day credit, with 18% p.a. interest applicable onA Ltd. takes a 5-year ₹10,000 loan at 10% fixed (interest paid yearly, bullet principal at year 5). Loan proceUnder Ind AS 109, financial LIABILITIES (unlike financial assets) cannot be reclassified. This means:Under Ind AS 109, when reclassifying a financial asset from AMORTISED COST to FVTPL (because of a BM change), Under Ind AS 109, financial liabilities designated at FVTPL under the FAIR-VALUE OPTION present subsequent chaPQR Ltd. prepays an old loan to Bank A (incurring a prepayment premium and writing off unamortised processing Under Ind AS 109, a SHARE BROKING company holds shares for short-term trading. These shares are accounted as:Under Ind AS 109, when a financial asset is reclassified from FVTPL to AMORTISED COST (because the entity's BM