Which of the following is an example of a 'Presentation & Disclosure based' AS per the grouping in Ch 1?
AAS 2 Valuation of Inventories
BAS 16 Borrowing Costs
CAS 10 PPE
DAS 17 Segment Reporting
Answer & Solution
Correct answer: D. AS 17 Segment Reporting
1. Step 1: Per Ch 1 grouping, Presentation & Disclosure based ASs are AS 1, 3, 17, 18, 20, 24, 25.
2. Step 2: AS 2, 10, 16 belong to the "Assets based" group; AS 16 belongs there too.
3. Step 3: Hence AS 17 Segment Reporting is the correct example.
_Source: ICAI BoS CA Inter Paper 1, Ch 1 "Introduction to Accounting Standards"_