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.
As per section 6 of the Transfer of Property Act, 1882, which of the following cannot be transferred __________.
Which section of the Negotiable Instruments Act defines negotiable instrument?
A, on his trial before the Court of Session, says that a deposition was improperly taken by B, who is the Magistrate, in such a case:
Under the Bharatiya Nyaya Sanhita, what punishment can be imposed on a person who, while intoxicated, causes annoyance in a public place?
Whoever dishonestly misappropriates or converts to his own use any movable property, shall be _____________________________
Nothing in the Prevention of Corruption Act, 1988 shall affect the jurisdiction exercisable by, or the procedure applicable to, any court or other autho...
How must the transfer of tangible immovable property valued at one hundred rupees or more, or intangible property, be made?
SEBI shall consist of ………. members
Central Government may appoint how many Inspectors to investigate the affairs of an LLP?
If any person, who is required under this Act or any rules or regulations made thereunder fails to __________________ shall be liable to a penalty which...
