Match the column

Match the List-I with List-II

List-I	List-II
A. Ind AS 1	I. Income Taxes
B. Ind AS 12	II. Related Party Disclosures
C. Ind AS 24	III. Intangible Assets
D. Ind AS 38	IV. Presentation of Financial Statements

Choose the correct answer from the options given below:

Correct option is B

Ind AS 1 - Presentation of Financial Statements: Ind AS 1 sets out the overall requirements for the presentation of financial statements, including the structure, content, and classification of various financial statement elements. It provides guidance on the presentation of balance sheets, income statements, cash flow statements, and other financial disclosures. Ind AS 12 - Income Taxes: Ind AS 12 deals with the accounting treatment and disclosure requirements for income taxes. It provides guidance on recognizing and measuring current and deferred tax assets and liabilities, as well as the accounting treatment of uncertain tax positions, tax losses, and tax credits. Ind AS 24 - Related Party Disclosures: Ind AS 24 requires entities to disclose information about transactions and relationships with related parties. Related parties include entities and individuals that have the ability to exert control or influence over the reporting entity. The standard aims to enhance transparency and prevent potential conflicts of interest arising from related party transactions. Ind AS 38 - Intangible Assets: Ind AS 38 provides guidance on the recognition, measurement, and disclosure of intangible assets. It defines intangible assets as non-monetary assets that lack physical substance and are identifiable. The standard outlines criteria for recognizing and measuring intangible assets, including research and development costs, brands, patents, copyrights, and customer relationships.