Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 4545)
4545.
The Ind-AS 103 is related to which category?
Renting
Disclosure of leases
Business combinations
Presentation, recognition of leases
Answer: Option
Explanation:
On July 26, 2020, Ministry of Corporate Affairs, Government of India amended the Indian Accounting Standards related to leasing. The Ind-AS 103, 116 and other standards have been amended. The Ind-AS 103 is related to business combinations. On the other hand, Ind-AS 116 standard is related to principles for presentation, recognition and disclosure of leases.
Discussion:
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