alleryStart learning →Versus IAS 34, Ind AS 34 allows profit and loss in:
AOne or two statements
BOnly a single statement
COnly two statements
DA format set by regulator
Answer & Solution
Correct answer: B. Only a single statement
Following Ind AS 1, paragraphs giving the two-statement option were deleted, leaving a single statement of profit and loss.
Keep practising Ind AS 34 Interim Financial Reporting
Browse all Ind AS 34 Interim Financial Reporting questions for CA Final, or explore more Financialreporting topics.
Related questions
A reporter more frequent than half-yearly measures income and expenses on what basis?Ind AS 34 Appendix A on interim reporting and impairment matches which interpretation?Ind AS 36 states that an impairment loss recognised for goodwill:The ban on reversing interim goodwill impairment is extended by analogy to other areas:Goodwill impairment booked in an interim period is later:Why must a policy change cover the whole financial year?A change in accounting policy at an interim date is reflected by:Compared with annual reports, interim reports generally require: