alleryStart learning →Regulator sets its own format. What still applies?
ARecognition and measurement principles
BThe prescribed form of statements
CThe minimum number of columns
DThe illustrative cash flow format
Answer & Solution
Correct answer: A. Recognition and measurement principles
Where a statute or regulator sets a different form, the Standard's recognition and measurement principles still govern unless it says otherwise.
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?AS 25 says timely interim reporting helps users to understand what?In which year was AS 25 on interim reporting issued?On first AS 25 report, which comparatives are optional?