alleryStart learning →In AS 13, bold italic and plain type paragraphs carry:
Aequal authority for both types
Bauthority for plain only
Cadvisory status for plain
Dgreater authority for bold
Answer & Solution
Correct answer: A. equal authority for both types
Both types of paragraph have equal authority; the bold ones just flag the main principles.
Keep practising AS 13 Accounting for Investments
Browse all AS 13 Accounting for Investments questions for CA Inter, or explore more Accounting topics.
Related questions
Profits on disposal of current and long-term investments are shown:Statements classify fixed assets, investments and current assets into:A readily realisable investment is meant to be held for 18 months. It is:A readily realisable investment made on 1 April is intended to be sold on 15 February nextIf dividend cannot be allocated except arbitrarily, cost is cut only if it:Interest and rentals on investments are shown separately for:A significant restriction on selling an investment must be:Disclosure of investments must include the policies for determining: