Question
Under Ind AS 116, a company leases an asset for 5 years.
On transition, it recognizes a right-of-use asset and corresponding lease liability. However, the company had capitalized operating leases under previous GAAP. What transition approach has the company likely used?Solution
Recognition of right-of-use asset for previously capitalized operating leases indicates a full retrospective approach. Under modified retrospective, previously capitalized leases under Indian GAAP are not re-evaluated.
Which is the largest flower in the world?
Consider the following events and arrange them in chronological order:
I. C.R. Rao, the eminent Statistician, passed away
II. Ustad Ali Za...
The Monetary Policy Committee (MPC) which determines the monetary policy of the country is headed by
Find out the missing number in the following figure:
Recently one power plant of 660 MW was established in the state Uttar Pradesh by the organization?
King Harshavardhana ascended the throne of Thaneshwar and Kannauj on the death of his brother, _______.
मेवाड के अरावली क्षेत्र की भील जाति का लोकनाट्य है ?
Which state government will be providing 300 units of electricity to the public from 1st July, 2022?
Bob Dylan is a famous
The Consumer mobile business of Tata Teleservices will be taken over by:
