The 'Earnings Per Share' (Ind AS 33) requires disclosure of: MCQ with Answer and Explanation

Question

Share Report Error

The 'Earnings Per Share' (Ind AS 33) requires disclosure of:

A. Basic and diluted EPS

B. Cash EPS

C. Basic EPS only

D. Diluted EPS only

Answer: Option A

Solution (By JKSSB Mock Tests)

Ind AS 33 mandates both basic and diluted EPS for entities whose shares are publicly traded.

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

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Practice More Accountancy and Book Keeping Questions

Question #1

In a computerised accounting system, the 'Voucher Entry' screen is used to:

A. View reports

B. Record transactions

C. Set passwords

D. Create backup

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Correct Answer: Option B

Explanation:
Voucher entry is the primary data input interface.

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

Question #2

Under the General Financial Rules (GFR) 2017, the 'Reappropriation' of funds means:

A. Transferring savings from one unit of appropriation to meet a deficit in another unit

B. Increasing the total budget allocation

C. Returning unspent funds to the Consolidated Fund

D. Transferring funds from one head to another without parliamentary approval

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Correct Answer: Option A

Explanation:
Reappropriation under GFR refers to the transfer of savings from one unit of appropriation (like a specific grant or head) to meet a shortfall in another unit, without increasing the total authorized expenditure.

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Question #3

Ind AS 116 deals with:

A. Leases

B. Income Taxes

C. Revenue from Contracts

D. Financial Instruments

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Correct Answer: Option A

Explanation:
Ind AS 116, corresponding to IFRS 16, sets out principles for recognition, measurement, presentation, and disclosure of leases.

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

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