alleryStart learning →How must each material class of similar items be presented?
AMerged with immaterial classes
BShown separately from other items
CShown only in the auditor report
DAggregated into one total line
Answer & Solution
Correct answer: B. Shown separately from other items
Material classes of similar items must each be presented separately so users can see their size.
Keep practising Ind AS 1 Presentation of Financial Statements
Browse all Ind AS 1 Presentation of Financial Statements questions for CA Final, or explore more Financialreporting topics.
Related questions
If Ind AS rules are insufficient for users, what is added?In virtually all cases a true and fair view is achieved by what?How are items of dissimilar nature or function presented unless immaterial?Puttable instruments classed as equity need which outflow disclosed?What must be disclosed about externally imposed capital requirements?Capital disclosures follow information given to whom internally?A capital disclosure covers objectives, policies and what?Must estimation uncertainty disclosures include forecasts?