Question
As per the accounting standards, the impairment loss on
a revalued asset is recognised in _______Solution
An impairment loss on a non-revalued asset is recognised in profit or loss. However, an impairment loss on a revalued asset is recognised in other comprehensive income to the extent that the impairment loss does not exceed the amount in the revaluation surplus for that same asset. Such an impairment loss on a revalued asset reduces the revaluation surplus for that asset (AS 36).
Deserts account for approximately what percentage of the Earth’s land surface?
The Strait of Hormuz connects the Persian Gulf with which other body of water?
Mount Damavand is found in which mountain range?
Which term describes the sphere of Earth encompassing all life and their ecological interactions?
Which mountain range is known as the 'Roof of the World'.
The retreating Monsoon gives rainfall to:
Which two countries share the world's longest land border?
Consider the following regions of India:
1. Western Ghats
2. Aravali Hills
3. Eastern Himalayas
Which of the above...
The Karewas of Kashmir refers to which among the following types of deposits?
Which planet in our solar system has a highly tilted rotational axis? Â
