alleryStart learning →Which two may NOT be combined in one aggregated disclosure?
AServices from two joint ventures
BGoods sales with fixed asset sales
CPurchases from two associates
DLoans to two subsidiaries
Answer & Solution
Correct answer: B. Goods sales with fixed asset sales
Items of similar nature may be aggregated by type of related party, but goods are not combined with fixed assets because that would obscure significant transactions.
Keep practising Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments
Browse all Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments questions for CA Final, or explore more Financialreporting topics.
Related questions
The core principle of Ind AS 108 is to help users evaluate the:Where equity-method investments sit in segment assets, the entity discloses:Which item is disclosed if in the decision maker's profit measure?Entities known to be under common control are treated, for major customers, as:Geographical non-current assets exclude:Geographical revenue must be shown for the country of domicile and:Which revenue must be reported for each product or service group?Entity-wide disclosures in paragraphs 32 to 34 apply to: