Question
An asset was previously revalued downward. If it is now
revalued upward, how should the increase be treated?Solution
Revaluation increase is recognised in P&L to the extent it reverses a previous decrease that was earlier recognised in P&L (Ind AS 16 para 40).
Recently in which state the sub-office of Reserve Bank has been opened?
Which of the following statements correctly describes the Vriksharopan Abhiyan 2024 launched by Union Minister Shri G. Kishan Reddy?
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According to the World Bank’s latest Global Economic Prospects report, real global GDP is set to climb 2.1% this year. In the report the bank has also...