1 / 5   If the accounting policies of a parent and subsidiary are not uniform then while preparing the consolidated financial statement

Consolidation adjustment has to be made No consolidation adjustment is required Only disclosure is required in notes to accounts Disclosure is required in director's report

2 / 5   Non-current assets are classified as assets held for sale when their carrying amount is to be recovered principally through

Sale of assets Use in ordinary course of business Use or sale transaction Exchange of the assets

3 / 5   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

4 / 5   Deferred tax assets and liabilities should be classified under IFRS as

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

5 / 5   Any Non-Cash consideration included in transaction price will be calculated at?

Shall be ignored Fair value Nominal amount Net realisable value