CA Passion - The Most Popular & Trusted website for CA Students & Members
MCQ-F101-4 - Answer Key

Co. X had net worth of above 250 crore but below 500 crore in FY 2013-14 as well as in 2014-15 and is expected to cross 500 crore in 2015-16.

Therefore, Co. X will have to prepare financial statements on the basis of IndAS from financial year 16-17 onwards.

Post a Comment

Please do not enter any spam link in the comment box.

Previous Post Next Post