Question
Which Indian Accounting Standards (Ind AS) deals with
"Financial Instruments"?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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Â
Inventory in hand Rs. 2400; Bills payable Rs. 400; Cash at Bank Rs. 1800;...
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In a manufacturing entity, the cost of abnormal waste is: