Question
Which of the following best describes "Ind-AS" in
accounting?Solution
Ind-AS stands for Indian Accounting Standards and is a set of accounting standards that are based on the International Financial Reporting Standards (IFRS). These standards have been adopted by the Ministry of Corporate Affairs in India and are mandatory for certain classes of companies, including listed companies, banks, and insurance companies, for the preparation of their financial statements.
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If tan A =
, find the va...
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