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Commerce · Q2017

Accounting

Graduate and Post Graduate · Commerce · question 2017

Q2017

Statement I IFRS are issued by International Accounting Standard Board (IASB). Statement II IFRS-16, i.e.'leases' applies to annual reporting periods beginning on or after 1st January, 2019.

A.
Only statement I is true
B.
Only statement II is true
C.
Both statements are true
Answer
D.
Both statements are false

Answer: Option C

Solution

Answer: Option C
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