MCQ-F101-10 - Answer Key

MCQ-F101-10 - Answer Key

If a parent company voluntarily or mandatorily adopts IndAS then its holding, subsidiary, joint venture or associate company whether through direct or indirect association shall comply with IndAS form the Financial Year in which the parent company starts complying with IndAS.

Hence, both companies A & B shall comply with IndAS from the FY 2015-16

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