AS …………….also focuses on profit sharing and bonus plan.
A)AS- 15
B)AS-21
C)AS- 28
D)AS- 7

Question

Quizplus · Accepted Answer

AS-15 relates to Employee Benefits, which includes various forms of consideration given by an entity in exchange for service rendered by employees or for the termination of employment. It covers various employee benefits including post-employment benefits like pensions, other retirement benefits, post-employment life insurance and post-employment medical care, along with other long-term benefits including long service leave or sabbatical leave, jubilee or other long-service benefits, long-term disability benefits and, if they are payable twelve months or more after the end of the period, profit-sharing and bonuses.

AS ……………Also Focuses on Profit Sharing and Bonus Plan