Question

What is clarified regarding the schedule references in the guidelines?

a.

Schedule references in public disclosures will change the schedule reference of the financial statement under Accounting Regulations

b.

Schedule references in public disclosures will not change the schedule reference of the financial statement under Accounting Regulations

c.

Schedule references in public disclosures are only for compliance with circular requirements

d.

Schedule references in public disclosures are optional and may or may not be followed

Answer: (c).Schedule references in public disclosures are only for compliance with circular requirements Explanation:The guidelines clarify that schedule references in public disclosures are only to comply with the circular requirements and will not change the schedule reference of the financial statement under Accounting Regulations.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is clarified regarding the schedule references in the guidelines?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What does "L-1A-RA 'Fund Reserve'" pertain to according to the guidelines?

Q. What is clarified regarding L-30 and L-31: Related Party Transactions in the guidelines?

Q. What should be disclosed by way of notes to the Balance Sheet regarding contingent liabilities?

Q. What is included in the items to be disclosed regarding investments in the notes to the Balance Sheet?

Q. What should be disclosed in the notes to the Balance Sheet concerning underwriting commitments outstanding?

Q. What should be disclosed regarding claims not acknowledged as debts in the notes to the Balance Sheet?

Q. What is included in the items to be disclosed regarding guarantees given by or on behalf of the company in the notes to the Balance Sheet?

Q. What is the significance of disclosing accounting policies in financial statements for an insurance company?

Q. What should be disclosed regarding investments made in accordance with any statutory requirement?

Q. What is the requirement for disclosing the segregation into performing/non-performing investments for income recognition?

Q. What should be disclosed regarding assets required to be deposited under local laws?

Q. What information should be disclosed concerning the percentage of business sector-wise?

Q. What does "Ageing of claims" refer to in the context of disclosure for insurance companies?

Q. What information should be disclosed regarding premiums written from business in/outside India?

Q. How should an insurance company disclose the extent of premium income recognized based on varying risk patterns, category-wise?

Q. What should be disclosed regarding the value of contracts in relation to investments for purchases where deliveries are pending?

Q. What basis should be disclosed concerning operating expenses relating to insurance business?

Q. What should an insurance company disclose regarding accounting policies?

Q. In case of any departure from accounting policies, what is required to be disclosed?

Q. What information should be separately disclosed for investments made in accordance with any statutory requirement?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!