Accounting · Accounting Standards
Consider the following statements regarding specific Accounting Standards (AS) in India: Statement 1: Under the provisions of AS 25, the preparation of interim financial reports necessitates the use of accounting policies that are distinct from those applied in annual financial statements. Statement 2: According to the framework of AS 20, the disclosure of diluted Earnings Per Share (EPS) is not required, as the standard focuses solely on the reporting of basic EPS.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement 1 is false, but Statement 2 is true.
- 2Statement 1 is true, but Statement 2 is false.
- 3Both statements are false.✓
- 4Both statements are true.
Correct answer
Both statements are false.
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