Question

xi) While preparing the Balance Sheet and Profit &
Loss Account which principles are followed ?
a)
IFRS
b) SAP
c). ISO-29000 d) RBI-GAAP.​

Answer 1

Candidates are allowed additional 15 minutes for only reading the paper. They must NOT start writing during this time.

Answer Question 1 (Compulsory) from Part I and five questions from Part II, choosing two questions from Section A, two questions from Section B and one question from either Section A or Section B.

The intended marks for questions or parts of questions are given in brackets [ ].

Transactions should be recorded in the answer book.

All calculations should be shown clearly.

All working, including rough work, should be done on the same page as, and adjacent to the rest of the answer.

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