alleryStart learning →Reporting frequency (quarterly or annual) should not affect what?
AThe statutory audit fee
BChoice of year end date
CNumber of segments reported
DMeasurement of annual results
Answer & Solution
Correct answer: D. Measurement of annual results
Whether a firm reports annually, half-yearly or quarterly, its annual result must come out the same.
Keep practising AS 25 Interim Financial Reporting
Browse all AS 25 Interim Financial Reporting questions for CA Inter, or explore more Accounting topics.
Related questions
Each interim period of a quarterly reporter uses what?Can items that fail the asset or liability definition be shown in an interim balance sheetWhat must a liability at an interim date represent?A cost fails the asset test at year end. At an interim date?A half-yearly reporter revises an estimate. First-half figures?Regulator sets its own format. What still applies?AS 25 says timely interim reporting helps users to understand what?In which year was AS 25 on interim reporting issued?