WebInd AS 1, Presentation of Financial Statements, and AS 1, ... If, after the reporting date, it is determined that the fundamental accounting assumption of going concern is no longer appropriate, Ind AS 10 requires a fundamental change in the basis of accounting. Whereas AS 4 requires assets and liabilities to be adjusted for events occurring ... WebNov 16, 2024 · 1. Going Concern Generally, an enterprise is assumed to be a going concern. This means the enterprise continues to operate for the foreseeable future. In other words, …
Ind AS 1: Presentation of Financial Statements - Indian Accounting
WebInd AS 1, Presentation of Financial Statements S. No Refere nce Disclosure Y/NA/N M 1. 1.16 When financial statements comply with Ind AS, ... going concern. 6. 1.117 Disclosure of significant accounting policies comprising: (a) the measurement basis (or bases) used in preparing the financial statements; and (b) the other accounting policies ... WebApr 14, 2024 · Para 25 and 26 of the Indian Accounting Standard (Ind AS)-1: Presentation of Financial Statements defines the term Going Concern as: ... 14.1 No GST on Going Concern Sale under IBC. By the virtue of Notification No. 12/ 2024- Central Tax (Rate) dated 28th June, 2024 and Notification No. 9/2024-Integrated Tax (Rate) dated 28th June, 2024, it … photo adding online
Ind AS 1 - Presentation of Financial Statements - CAclubindia
Web19 hours ago · On Thursday, shares surged as much as 42% to $1.87, ... India HDFC Bank's net profit jumps 19.8% in January-March, article with image Finance category · April 15, 2024 · 8:47 AM UTC. WebAug 8, 2024 · Going Concern: This principle indicates the entity’s willingness to not liquidate its business in near future. When the management decides to cease its operations and the intention of liquidating its business after the reporting period, the entity shall not prepare its financial statements on going concern anymore. Disclosures Web22 hours ago · The CDC's variant tracker, updated Friday, shows XBB.1.16 has nearly doubled its proportion in the last week, and is now at 7.2% of all samples sequenced. In HHS Region 2, which includes New York ... photo adjusting app