__________ prohibits presentation of any item as extraordinary item in the statement of profit and loss or in the notes.

CS Executive · Corporate and Management Accounting · PYQS · December 2022
__________ prohibits presentation of any item as extraordinary item in the statement of profit and loss or in the notes.
(A) AS 01
(B) Ind AS 01
(C) Ind AS 101
(D) Ind AS 41

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Accounting Standards

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