When a very small proportion of the activities of an enterprise is considered to be commercial, industrial or business in nature then the Accounting Standards would apply to:

CS Executive · Corporate and Management Accounting · PYQS · December 2022
When a very small proportion of the activities of an enterprise is considered to be commercial, industrial or business in nature then the Accounting Standards would apply to:
(A) All of its activities
(B) None of its activities
(C) Commercial, industrial or business activities only
(D) Non-commercial, non-industrial or non-business activities only

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Accounting Standards

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