Question
A company incurred ₹1 lakh as preliminary expenses.
How should it treat the amount under current Ind AS?Solution
Ind AS does not permit capitalization of preliminary expenses. It should be written off in the year incurred.
How much is Reliance Industries (RIL) expected to invest in the Vadhvan Port Project by 2030?
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India & was set up with the guidance and support ...
Which city received recognition for the 'Best Intelligent Transport System' during the UMI Conference 2024?
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The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to which renewable energy company?
