Multiple choice

Directions: Choose the correct option for the given question.

Match List-I with List-II and select the correct answer using the code given below the lists. List I (Item) (a) Earnings per share (b) Cash flow statement (c) Inventory valuation (d) Disclosure of accounting policies List-II (Accounting Standard)

  1. AS-3
  2. AS-20
  3. AS-1
  4. AS-2

  1. (a)3 (b)1 (c)4 (d)2

  2. (a)2 (b)4 (c)1 (d)3

  3. (a)3 (b)4 (c)1 (d)2

  4. (a)2 (b)1 (c)4 (d)3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

AS-20 deals with earnings per share, AS-3 covers cash flow statements, AS-2 governs inventory valuation, and AS-1 mandates disclosure of accounting policies. This matching tests knowledge of key accounting standards and their scope.

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