Statement-I : According to AS-3, provision for taxation should always be treated as a non-operating charge on profits. Statement-II : Dividend on shares is an appropriation of profits and not a trading charge. Select the
CS Executive · Cost and Management Accounting · PYQS · December 2015
Statement-I : According to AS-3, provision for taxation should always be treated as a non-operating charge on profits. Statement-II : Dividend on shares is an appropriation of profits and not a trading charge. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Accounting Standards
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