alleryStart learning →In Rule 4, what do comparatives mean?
AFigures of a rival company
BFigures for the preceding period
CBudget figures for next year
DIndustry average figures
Answer & Solution
Correct answer: B. Figures for the preceding period
The explanation defines comparatives as the comparative figures for the preceding accounting period.
Keep practising Applicability of Accounting Standards to Various Entities
Browse all Applicability of Accounting Standards to Various Entities questions for CA Inter, or explore more Accounting topics.
Related questions
Under Rule 4, Ind AS binds companies in preparing statements and auditors in what?A small associate of a first-phase company must apply Ind AS from?A company in the process of listing has net worth of Rs 600 crore. Ind AS from?An unlisted entity with the minimum Rs 250 crore net worth begins Ind AS on?At precisely Rs 500 crore net worth, an unlisted entity adopts Ind AS beginning when?ICAI, which houses the Accounting Standards Board, was formed under what?The ICDS notified in February 2015 relate to what?Before Ind AS, Indian companies followed which accounting framework?