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.
Which of the following is used as a maturity index for Watermelon?
Which one of the following is the good example of subsistence farming?
When plant cells are placed in hypertonic solution, they become____
Liquid nitrogen: Used to store seeds at -196°C, which stops metabolic deterioration and protects the seeds from contamination.
The type of germination observed in pigeon pea is____
Layering method of propagation where roots are formed in the aerial part of the plant, the stem is girdled, and roots hormone (IBA) is applied to upper ...
Cashew is commercially propagated through
'Opaque-2' mutant of maize has:
The characteristic appearance of damage caused by Eucalyptus gall wasp infestation is?
Among the following liming materials, ______ has highest neutralizing value.