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    Question

    Which Indian Accounting Standards (Ind AS) deals with "Financial Instruments"?

    A Ind AS 1: Presentation of Financial Statements Correct Answer Incorrect Answer
    B Ind AS 18: Revenue Correct Answer Incorrect Answer
    C Ind AS 109: Financial Instruments Correct Answer Incorrect Answer
    D Ind AS 16: Property, Plant, and Equipment Correct Answer Incorrect Answer

    Solution

    Ind AS 109: Financial Instruments is the Indian Accounting Standard that deals with accounting and reporting requirements for financial instruments. This standard provides guidelines on how to recognize, measure, present, and disclose various types of financial instruments such as loans, receivables, investments, and derivatives in financial statements.

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