Question
XYZ Ltd. changed the format of its Statement of Profit
and Loss from ‘nature of expense’ method to ‘function of expense’ method in accordance with Ind AS. The change was made to provide better clarity for management decisions. Which of the following would now be more visible?Solution
Under the ‘function of expense’ method, expenses are grouped by purpose (e.g., cost of sales, administrative expenses), helping identify departmental profitability and COGS separately.
Consider the following statements about Bharat New Car Assessment Programme (Bharat NCAP):Â
1.     First round of crash testing of the car...
Which organization has approved the new Global Greenhouse Gas Watch initiative?
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