Question
XYZ Ltd. incurred R&D expenses of ₹20 lakhs for
developing a new product. The product has not yet reached the commercialisation stage. How should the amount be treated?Solution
Until technical feasibility is established, R&D expenses are expensed off as per Ind AS 38.
The scientific discipline concerned with the description of rock successions and their interpretation in terms of a general time scale is called?
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