OBJECTIVE The objective of this Standard is for authorizing the accounting treatment for intangible assets that aren’t dealt with specifically in another Standard. This Standard also requires an entity for recognizing …
Objective Ind AS 36 Impairment of Assets ? The main objective of this Standard is to prescribe the method that an entity is applying for ensuring that its assets are not …
What Is Straight Line Depreciation? Straight line depreciation is an usual technique of devaluation where the value of a fixed asset is minimized over its useful life. It’s made use of …
What is Liability? Liability is a term in accountancy that is used to define any type of economic responsibility that a service needs to pay at the end of a bookkeeping …
CORE PRINCIPLE Ind AS 23 Borrowing Costs Accounting Standards The core principle of Ind AS 23 states that: Borrowing costs that are directly attributable to the acquisition, construction or production of …