{"id":52476,"date":"2024-04-15T23:39:57","date_gmt":"2024-04-15T23:39:57","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=52476"},"modified":"2024-04-15T23:39:57","modified_gmt":"2024-04-15T23:39:57","slug":"match-the-items-of-list-i-with-those-of-list-ii-and-indicate-the-correct-answer-list-i-accounting-standard-list-ii-relationship-a-as-6-1-accounting-for-consolidated-financial-statements-b-as-3","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-items-of-list-i-with-those-of-list-ii-and-indicate-the-correct-answer-list-i-accounting-standard-list-ii-relationship-a-as-6-1-accounting-for-consolidated-financial-statements-b-as-3\/","title":{"rendered":"Match the items of List-I with those of List-II and indicate the correct answer: List-I (Accounting Standard) List-II (Relationship) a. AS-6 1. Accounting for Consolidated Financial Statements b. AS-3 2. Accounting For Fixed Asset c. AS-10 3. Depreciation Accounting d. AS-21 4. Accounting For Cash Flow Statement"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;a-2, b-4, c-3, d-1&#8243; option2=&#8221;a-3, b-4, c-2, d-1&#8243; option3=&#8221;a-4, b-3, c-1, d-2&#8243; option4=&#8221;a-1, b-2, c-3, d-4&#8243; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: D. a-1, b-2, c-3, d-4<\/p>\n<p>AS-6 is the Accounting Standard on Accounting for Consolidated Financial Statements. It prescribes the principles and procedures for preparing and presenting consolidated financial statements of a group of companies.<\/p>\n<p>AS-3 is the Accounting Standard on Accounting for Fixed Assets. It prescribes the accounting treatment for fixed assets, including their initial recognition, measurement, depreciation, impairment, and disposal.<\/p>\n<p>AS-10 is the Accounting Standard on Depreciation Accounting. It prescribes the principles and procedures for determining the depreciation of fixed assets.<\/p>\n<p>AS-21 is the Accounting Standard on Accounting for Cash Flow Statements. It prescribes the principles and procedures for preparing and presenting cash flow statements.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: a-2, b-4, c-3, d-1. This option is incorrect because AS-6 is not related to accounting for cash flow statements.<\/li>\n<li>Option B: a-3, b-4, c-2, d-1. This option is incorrect because AS-3 is not related to accounting for cash flow statements.<\/li>\n<li>Option C: a-4, b-3, c-1, d-2. This option is incorrect because AS-10 is not related to accounting for consolidated financial statements.<\/li>\n<li>Option D: a-1, b-2, c-3, d-4. This option is correct because AS-6 is related to accounting for consolidated financial statements, AS-3 is related to accounting for fixed assets, AS-10 is related to depreciation accounting, and AS-21 is related to accounting for cash flow statements.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;a-2, b-4, c-3, d-1&#8243; option2=&#8221;a-3, b-4, c-2, d-1&#8243; option3=&#8221;a-4, b-3, c-1, d-2&#8243; option4=&#8221;a-1, b-2, c-3, d-4&#8243; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-52476","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match the items of List-I with those of List-II and indicate the correct answer: List-I (Accounting Standard) List-II (Relationship) a. AS-6 1. Accounting for Consolidated Financial Statements b. AS-3 2. Accounting For Fixed Asset c. AS-10 3. Depreciation Accounting d. AS-21 4. Accounting For Cash Flow Statement<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/match-the-items-of-list-i-with-those-of-list-ii-and-indicate-the-correct-answer-list-i-accounting-standard-list-ii-relationship-a-as-6-1-accounting-for-consolidated-financial-statements-b-as-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Match the items of List-I with those of List-II and indicate the correct answer: List-I (Accounting Standard) List-II (Relationship) a. AS-6 1. Accounting for Consolidated Financial Statements b. AS-3 2. Accounting For Fixed Asset c. AS-10 3. Depreciation Accounting d. AS-21 4. 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AS-6 1. Accounting for Consolidated Financial Statements b. AS-3 2. Accounting For Fixed Asset c. AS-10 3. Depreciation Accounting d. AS-21 4. Accounting For Cash Flow Statement","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/match-the-items-of-list-i-with-those-of-list-ii-and-indicate-the-correct-answer-list-i-accounting-standard-list-ii-relationship-a-as-6-1-accounting-for-consolidated-financial-statements-b-as-3\/","og_locale":"en_US","og_type":"article","og_title":"Match the items of List-I with those of List-II and indicate the correct answer: List-I (Accounting Standard) List-II (Relationship) a. AS-6 1. Accounting for Consolidated Financial Statements b. AS-3 2. Accounting For Fixed Asset c. AS-10 3. Depreciation Accounting d. AS-21 4. 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