Start learning →

Comparative narrative information is presented when?

AWhen relevant to the current period
BOnly when the auditor insists
COnly for tax-related matters
DNever; only amounts are shown
Answer & Solution
Correct answer: A. When relevant to the current period
Narrative and descriptive comparatives are included if they help users understand the current period, such as an unresolved legal dispute.
Practise this question with Quill — CA Final →

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.

Start a Ind AS 1 Presentation of Financial Statements lesson →
Related questions