'AS 10' deals with: MCQ with Answer and Explanation

Question

Share Report Error

'AS 10' deals with:

A. Property, Plant and Equipment

B. Inventories

C. Cash flows

D. Revenue

Answer: Option A

Solution (By JKSSB Mock Tests)

AS 10 covers accounting for fixed assets (now Ind AS 16).

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1

Share Report

Which of the following is considered a 'Recent Development' in environmental accounting?

A. Double Entry System

B. Trial Balance Preparation

C. Carbon Credit Accounting

D. Cash Book Management

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Accounting for carbon credits (emissions trading) is a modern concept dealing with intangible assets related to environmental compliance.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

Share Report

The 'Agriculture' (Ind AS 41) requires biological assets to be measured at:

A. Net realisable value

B. Fair value less costs to sell

C. Cost

D. Historical cost

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Ind AS 41 mandates fair value measurement for biological assets.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

Share Report

The 'Dividend' is paid on:

A. Authorised capital

B. Issued capital

C. Paid-up capital

D. Called-up capital

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Dividend is paid on the paid-up share capital, i.e., the amount actually received from shareholders.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs