Question
If an entity revalues its land upward and this is the
first time revaluation is being done, how is the increase treated under Ind AS 16?Solution
Under Ind AS 16, if an asset’s carrying amount is increased due to revaluation and there is no prior loss reversal, the increase is recognised in Other Comprehensive Income (OCI) and accumulated in equity as a revaluation surplus.
Getting fired from my job has added to my ________; but I will not fall down.
Steve Jobs is the legendary ___________ of Apple.
Many people realized that the pill was just a vitamin tablet and what really changed their disease was the _________.
Companies have to ________ their unwanted expenditures to function smoothly.
This cream helps _________ the skin from harmful radiation from the sun.
The stricter tax norms helped the government fill its ___________.
Given his grandmother’s health condition, he’ll now have to ___________ money for a full-time nurse.
These telemarketers have been calling me ___________, even though I said I was not interested in their product.
All flights were cancelled due to heavy rainfall and the passengers were __________ at the airport.
The government is trying hard to ___________the MSME sector from the loss inflicted by the pandemic.
