The 'Interim Financial Report' should include: MCQ with Answer and Explanation

Question

Share Report Error

The 'Interim Financial Report' should include:

A. Only a condensed balance sheet

B. Condensed set of financial statements and selected explanatory notes

C. Only profit and loss

D. Full annual report

Answer: Option B

Solution (By JKSSB Mock Tests)

As per Ind AS 34, interim report includes condensed statements and notes.

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

The 'Customs Act, 1962' empowers the Central Government to:

A. Impose GST

B. Regulate imports and exports and levy customs duties

C. Collect income tax

D. Regulate company law

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Customs Act governs import and export of goods and levy of customs duties.

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

Question #2

The 'Fringe Benefit Tax' (FBT) was abolished in India from:

A. Still in force

B. Never existed

C. Assessment Year 2005-06

D. Assessment Year 2010-11

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
FBT was introduced in 2005 and abolished from AY 2010-11.

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

Question #3

Which unique identifier is increasingly linked with PFMS to ensure accurate delivery of benefits?

A. Aadhaar Number

B. PAN Card

C. Voter ID

D. Passport Number

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Aadhaar is heavily integrated into PFMS for authenticating beneficiaries and ensuring duplicate or ghost accounts are eliminated.

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

Explore All Accountancy and Book Keeping MCQs