Popular Posts

Featured post

Subscribe for CA Passion Updates

Save this number in your contacts +91-8837611349 & send whatsapp as Follows For CA Final (Old Scheme) Students: " FIN...

Friday, 5 October 2018

MCQ-F101-6 - Answer Key

MCQ-F101-6 - Answer Key

Co. X is required to adopt IndAS from FY 2016-17, since net worth is more than 500 crore

After acquisition, Co. Y will also prepare financial statements as per IndAS from 2016-17 onwards as because acquisition held in 2016-17.

Moreover, as far as quarterly results are concerned, Co. Y has become associate as on 31-10-2016, hence Y will prepare financial statements form the quarter ended Dec 2016 onwards.