alleryStart learning →Which line item is a minimum balance sheet item under Ind AS 1?
AExpected future profits
BBiological assets within Ind AS 41
CDirectors' loan guarantees
DBrand value created internally
Answer & Solution
Correct answer: B. Biological assets within Ind AS 41
Biological assets within the scope of Ind AS 41 Agriculture are on the list of minimum balance sheet line items.
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?