Q45.IFRS are:
(1) Rule based accounting standards
(2) Principles based accounting standards
(3) None of the options
(4) Partially rule and partially principles
Answer
Principles based accounting standards
Related Questions on Theory Base of Accounting
Q46.IAS adopted by IASB and still in force are:
(1)41
(2)29
(3)10
(4)9
Answer
29
Q47.IASB (International Accounting Standards Board) upon coming into existence has adopted:
(1) Some IAS and SIC
(2) All IAS and SIC (Standing Interpretation Boar
(3) None of the IAS and SIC
(4) None of the options
Answer
All IAS and SIC (Standing Interpretation Boar