Question

Match List - I with List - II:

• A. A-I, B-II, C-III, D-IV
• B. A-IV, B-III, C-II, D-I
• C. A-I, B-II, C-IV, D-III
• D. A-III, B-II, C-I, D-IV

Hint:

Logic Tip: AS-1 = Disclosure of Accounting Policies, AS-2 = Valuation of Inventories, AS-3 = Cash Flow Statements, AS-17 = Segment Reporting.

Answer 1

The Correct Option is A

Step 1: Understanding the Question:

• We must match each Accounting Standard (List I) with the subject it deals with (List II).

Step 2: Detailed Explanation:

• AS-1 deals with Disclosure of Accounting Policies, so A matches I.
• AS-3 deals with Cash Flow Statements, so B matches II.
• AS-17 deals with Segment Reporting, so C matches III.
• AS-2 deals with Valuation of Inventories, so D matches IV.
• The matching is A-I, B-II, C-III, D-IV.

Step 3: Final Answer:
The correct option is (A) A-I, B-II, C-III, D-IV.