The 'Share Based Payments' (Ind AS 102) require equity-settled transactions to be measured at: MCQ with Answer and Explanation

The 'Share Based Payments' (Ind AS 102) require equity-settled transactions to be measured at:
A. Nominal value
B. Intrinsic value
C. Market price on grant date only
D. Fair value of goods/services received, or if not reliably determinable, fair value of equity instruments granted
Answer: Option D
Solution (By JKSSB Mock Tests)
Equity-settled share-based payments are measured at fair value.

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Practice More Accountancy and Book Keeping Questions

Question #1
In the absence of a partnership deed, what is the rule regarding salaries to partners?
A. Salary proportional to capital
B. Salary based on hours worked
C. Equal salary to all partners
D. No partner is entitled to a salary

Correct Answer: Option D


Explanation:
Section 13(a) of the Indian Partnership Act, 1932 states that partners are not entitled to receive any remuneration for participating in the business.

Question #2
A Bank Reconciliation Statement is prepared by:
A. Reserve Bank
B. Customer (account holder)
C. Bank
D. Auditor of the bank

Correct Answer: Option B


Explanation:
BRS is prepared by the customer to reconcile differences between his records and bank statement.

Question #3
Which of the following is a direct expense?
A. Office salaries
B. Advertising
C. Carriage inwards
D. Factory rent

Correct Answer: Option C


Explanation:
Carriage inwards is a direct expense because it is directly attributable to the purchase of goods and bringing them to the place of business.