The 'Asset Ceiling' in defined benefit plans under Ind AS 19 refers to: MCQ with Answer and Explanation
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Question #1
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The 'Incremental Borrowing Rate' is used in lease accounting when:
Correct Answer: Option D
Explanation:
If implicit rate is not readily determinable, lessee uses its incremental borrowing rate.
If implicit rate is not readily determinable, lessee uses its incremental borrowing rate.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In the context of PFMS, what is the role of the 'Controller General of Accounts' (CGA)?
Correct Answer: Option C
Explanation:
The CGA is the principal accounts adviser to the Government of India and is responsible for maintaining the accounts of the Union Government.
The CGA is the principal accounts adviser to the Government of India and is responsible for maintaining the accounts of the Union Government.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Controller General of Accounts' (CGA) is under:
Correct Answer: Option D
Explanation:
CGA is the principal accounting advisor to the Government of India, functioning under Ministry of Finance.
CGA is the principal accounting advisor to the Government of India, functioning under Ministry of Finance.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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