Question
Capital Reserve can be utilized
for:Solution
Capital Reserve, arising from capital profits (like premium on issue of shares, profit on sale of fixed assets), can be used for writing off capital losses.
Which of the following is not shown in the statement of profit and loss under Ind AS?
Which of the following is a non-current liability?
XYZ Ltd. classifies bank overdraft under 'Cash and Cash Equivalents' in the balance sheet. The overdraft is repayable on demand and regularly fluctuates...
As per Ind AS 1, an entity must present a Statement of Changes in Equity (SOCIE) to show:
Which of the following will not affect cash flows under indirect method when reconciling profit to net cash from operating activities?
While preparing the statement of profit and loss, ABC Ltd. classifies its revenue from sale of products under “Other Income.” Is this in compliance ...
ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives ₹5 crore from the issue of deben...
As per Schedule III of the Companies Act, 2013, "Securities Premium Reserve" is shown under:
As per Ind AS 16, subsequent expenditure on property, plant and equipment is capitalized when it:
While preparing financial statements under Schedule III of the Companies Act, 2013, which of the following items must mandatorily be disclosed under "Ot...
