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Friday, 5 October 2018

MCQ-F101-8 - Answer Key

MCQ-F101-8 - Answer Key

If the net worth threshold criteria for a company are once met, then it shall be required to comply with IndAS, irrespective of the fact that as on later date its net worth falls below the criteria specified.

In view of the above, Co. A will be required to follow IndAS from FY 2016-17.

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