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 instrument is used by foreign entities not registered with SEBI to invest in India Market via registered brokers?
What will be the current yield of a bond with a face value of ₹100 , a coupon interest rate of 10% and market price of ₹80?
Which among the following was the first to issue a Masala Bond?
As per accounting standards, depreciable amount of a depreciable asset should be allocated on _______
RBI’s Internal Ombudsman Scheme is applicable to:
Which among the following option is a correct consideration for Buy Back of shares?
What is c in FCCB (Type of bonds)
Under the Indian Trusts Act, 1882, what is the minimum number of trustees required to create a valid trust?
Mr. X bought a bond at 1000 at a 10% coupon rate. But he intends to sell the bond after a year to Mr. Y. Mr. Y purchased the bond at 986. At the end of...
Which of the following methods of retiring bonds before maturity is generally considered the most detrimental to the bondholders?
