{"id":57023,"date":"2024-04-16T00:54:52","date_gmt":"2024-04-16T00:54:52","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=57023"},"modified":"2024-04-16T00:54:52","modified_gmt":"2024-04-16T00:54:52","slug":"match-the-following-list-i-list-ii-a-ind-as-223-1-impairment-of-assets-b-ind-as-27-2-borrowing-costs-c-ind-as-36-3-agriculture-d-ind-as-41-4-separate-financial-statements","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-ind-as-223-1-impairment-of-assets-b-ind-as-27-2-borrowing-costs-c-ind-as-36-3-agriculture-d-ind-as-41-4-separate-financial-statements\/","title":{"rendered":"Match the following List-I List-II a. Ind AS-223 1. Impairment of assets b. Ind AS-27 2. Borrowing costs c. Ind AS-36 3. Agriculture d. Ind AS-41 4. Separate financial statements"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97dcffceedb\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    a-3, b-2, c-1, d-4                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    a-2, b-4, c-1, d-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a-4, b-2, c-3, d-1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    a-1, b-2, c-3, d-4                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is D. a-1, b-2, c-3, d-4.<\/p>\n<p>Ind AS-223 is an <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> Indian Accounting Standard that deals with the impairment of assets. It requires an entity to assess the impairment of an asset whenever there is an indication that the carrying amount of the asset may not be recoverable.<\/p>\n<p>Ind AS-27 is an Indian Accounting Standard that deals with separate financial statements. It requires an entity to prepare separate financial statements for a subsidiary, an associate, or a joint venture when the entity is a parent, an investor, or a venturer, respectively.<\/p>\n<p>Ind AS-36 is an Indian Accounting Standard that deals with impairment of assets. It requires an entity to assess the impairment of an asset <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> whenever there is an indication that the carrying amount of the asset may not be recoverable.<\/p>\n<p>Ind AS-41 is an Indian Accounting Standard that deals with agriculture. It requires an entity to account for biological assets and agricultural produce.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: a-3, b-2, c-1, d-4. This option is incorrect because Ind AS-223 deals with impairment of assets, not borrowing costs.<\/li>\n<li>Option B: a-2, b-4, c-1, d-3. This option is incorrect because Ind AS-27 deals with separate financial statements, not borrowing costs.<\/li>\n<li>Option C: a-4, b-2, c-3, d-1. This option is incorrect because Ind AS-41 deals with agriculture, not borrowing costs.<\/li>\n<li>Option D: a-1, b-2, c-3, d-4. This option is correct because Ind AS-223 deals with impairment of assets, Ind AS-27 deals with separate financial statements, Ind AS-36 deals with impairment of assets, and Ind AS-41 deals with agriculture.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/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":[],"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 following List-I List-II a. Ind AS-223 1. Impairment of assets b. Ind AS-27 2. Borrowing costs c. Ind AS-36 3. Agriculture d. Ind AS-41 4. 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