Question
A company revalued its land upward by ₹30 lakh during
the year. It has not previously recorded any impairment or downward revaluation for this asset. How should this gain be accounted for in the financial statements as per Ind-AS 16?Solution
Revaluation gain is recorded in OCI and accumulated under revaluation reserve as per Ind-AS 16 unless it reverses a prior revaluation loss.
A + B means ‘A is the father of B’; A - B means 'A is the wife of B', A × B means 'A is son of B', A ÷ B means ‘A is the daughter of B’. If W ...
If F & G $ I @ H % J is true then how is F related to J?
- A@B means A is married to B. A#B means B is mother of A. A$B means B is son of A. A!B means B is brother of A. If Q @ P # R @ S # T @ U $ V ! W and gender ...
Read the given information carefully and answer the question that follows.
‘B $ C’ means ‘B is the father of C’.
‘B & C’ means...
- If 'A@B' means 'A is father of B', 'A#B' means 'A is wife of B', 'A$B' means 'A is sister of B', 'A%B' means 'A is brother of B'. If 'L @ M $ N # P @ O % Q...
In expression ‘D & E $ F # G @ H & I $ J’ how is J related to F?
Answer the questions based on the information given below.
A ÷ B means ‘A is the mother of B’
A × B means A is the husband of B
- 'A $ B' means 'A is the daughter-in-law of B'. 'A % B' means 'A is the father of B'. 'A & B' means 'A is married to B'. 'A # B' means 'B is the brother of ...
‘M $ K’ means ‘M is the mother of K’.
‘M # K’ means ‘M is the father of K’.
‘M @ K’ means ‘M is the husband of K’....
If K’s wife is grandmother of O then which of the following is true?
