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.
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is/are definitely true and then...
Statements:
M < K ≤ G ≤ Z; P = J > Z; I ≥ R > P;
Conclusions:
I. K ≤ P
II. M < R
Statement: T > U ≥ V; T ≤ W = X; I > U
Conclusion: I. U < X II. I > T
Statements:
J $ R % U % C
Conclusions:
I. R © C
II. J * U
III. C % J
Statement: D < E < F ≥ G; D ≥ H > I
Conclusion: I. F > I II. F = I
In Which of the following expressions does the expression ‘ H ≥ D ’ definitely hold true?
Answer the questions based on the information given below.
A @ B means A is not smaller than B
A & B means A is neither smaller than...
Statement: A=C≤D>B; B>F ; C ≥G
I. D≥G
II. F<C
Statements: M = R ≥ S , N = O > Q, Q > W = A < S
Conclusions :I. N ≥ S
II. W > R
III. O ≤ S
