Ind AS 104 on Insurance Contract will not be applicable to:

CS Executive · Corporate and Management Accounting · PYQS · December 2021
Ind AS 104 on Insurance Contract will not be applicable to:
(A) Insurance Contracts
(B) Reinsurance Contracts
(C) Financial Instruments that it issues with a discretionary participation features
(D) Product warranties issued directly

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Ind AS

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