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.
Pradhan Mantri Rojgar Protsahan Yojana is being implemented since _______.
Wearing away of landscape by different agents like water, wind and ice is called ______.
Which is the largest planet of the solar system?
Which institution is credited with developing India's inaugural hyper-velocity expansion tunnel named 'Jigarthanda' (S-2)?
Who has been awarded the Sahitya Akademi Award for the Hindi language?
What is the objective of the Annual Mass Drug Administration (MDA) Campaign recently launched by the Uttar Pradesh government, and when is it scheduled ...
______ is a magnetically thin coated piece of plastic wrapped around wheels which is sequential access and is often used for backing up large amounts of...
Which of the following is the official language of Tripura?
Which of the following electromagnetic waves have the highest wavelength?
Who made the use of Gun powder common in North India to defeat enemies?
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