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).
How much additional MSME credit did Finance Minister Nirmala Sitharaman set as a target for banks and NBFCs for the fiscal year under the National MSME ...
The National Statistical Commission (NSC) has constituted ______ expert committees to look into ways to improve the survey process as India looks to rev...
Which organization received the ‘Global Water Tech Award 2024’ from the Global Energy & Environment Foundation for its environmental conservation ef...
Which team achieved a double podium finish at the Sao Paulo Grand Prix, moving them from ninth to sixth in the constructors’ standings?
Spain recently agreed to strengthen its alliance with India in which sector?
Which of the following schemes has NOT yet been integrated with the e-Shram portal?
Which of the following is an independent regulator to oversee the auditing profession and accounting standards in India?
What is the purpose of the $200 million loan agreement between the Government of India and the Asian Development Bank (ADB) for Uttarakhand?
Which of the following company has recently announced that it will be investing Rs 2,000 crore for setting up a large hyperscale data centre in Hyderabad?
The major NRI deposit schemes include all of the following EXCEPT:
