Recoverable amount of non-monetary assets(In case of impairment) is translated at the exchange rate

When such recoverable amount is determined At the balance sheet date At the beginning of year Average rate

Current liability does not include?

Minority Interest Short term borrowings Provision for income tax Trade Payables

Deferred tax assets and liabilities should be classified under IFRS as

Non-current Current Per the discretion of management Long term assets or liabilities

Without a separate legal entity the joint arrangement is a?

Joint operation Joint venture Associate At discretion of management

In case of a conflict between the conceptual framework and the requirements of an accounting standard under IFRS?

Requirements of IFRS prevail over conceptual framework. Requirements of conceptual framework prevail over IFRS. At discretion of management. Both will prevail equally.