Match the following: List-I List-II a. Intangible assets 1. Ind AS-31 b. Impairment of assets 2. Ind AS-34 c. Interim financial reporting 3. Ind AS-36 d. Interests in joint ventures 4. Ind AS-38

The correct answer is: A. a-1, b-2, c-3, d-4

• Ind AS-38 deals with intangible assets. Intangible assets are non-monetary assets that are not physical in nature and that have the potential to generate future economic benefits for the entity.
• Ind AS-36 deals with impairment of assets. Impairment of an asset is a loss of economic value that occurs when the carrying amount of an asset is not recoverable.
• Ind AS-34 deals with interim financial reporting. Interim financial reporting is the reporting of financial information on a periodic basis, other than annual financial statements.
• Ind AS-31 deals with interests in joint ventures. A joint venture is an arrangement whereby two or more parties undertake an economic activity that is subject to joint control.

Here is a brief explanation of each option:

• Option A: a-1, b-2, c-3, d-4. This option is correct because it matches the relevant Ind AS with the correct definition.
• Option B: a-4, b-3, c-2, d-1. This option is incorrect because it matches Ind AS-38 with interim financial reporting. Interim financial reporting is covered by Ind AS-34.
• Option C: a-4, b-1, c-2, d-3. This option is incorrect because it matches Ind AS-38 with interests in joint ventures. Interests in joint ventures are covered by Ind AS-31.
• Option D: a-4, b-2, c-1, d-3. This option is incorrect because it matches Ind AS-38 with impairment of assets. Impairment of assets is covered by Ind AS-36.