Q. How should inventories be classified?

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Q. How should goods-in-transit be disclosed in inventories?

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Q. What should be stated regarding the mode of valuation of inventories?

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Q. How should trade receivables be classified?

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Q. What should be separately stated regarding cash and cash equivalents?

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Q. How are short-term loans and advances classified?

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Q. What should be disclosed regarding other current assets?

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Q. How are contingent liabilities classified?

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Q. What should be disclosed regarding dividends?

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Q. In the notes to the financial statements, how should revenue from operations be disclosed for a company other than a finance company?

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Q. How should revenue from operations be disclosed for a finance company in the notes to the financial statements?

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Q. How should finance costs be disclosed in the statement of profit and loss?

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Q. How is other income classified in the statement of profit and loss?

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Q. How should net gain or loss on foreign currency transaction and translation be treated in the financial statements?

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Q. What should be disclosed regarding payments to auditors in the financial statements?

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Q. How should details of items of exceptional and extraordinary nature be disclosed?

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Q. How are amounts set aside or proposed to be set aside to reserves treated in the financial statements?

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Q. How should expenditure incurred on each of the listed items be presented in the profit and loss account?

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Q. How should dividends from subsidiary companies be treated in the profit and loss account?

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Q. What information should be provided in the profit and loss account by way of a note regarding expenditure in foreign currency?

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