Start learning →

Which is a sub-class of inventories that Ind AS 1 lists?

AWork in progress
BInvestment property
CTrade payables
DRetained earnings
Answer & Solution
Correct answer: A. Work in progress
Inventories are disaggregated into merchandise, production supplies, materials, work in progress and finished goods.
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
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?