CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

IND AS 1

This query is : Resolved 

As defined in 'complete set of financial statements comprises' one item includes ''balance sheet as at the beginning of the earliest comparative period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements''......in this why balance sheet at ''beginning of the earliest comparative period'' is to be considered & why not ''end of period''



This is because of RETROSPECTIVE EFFECT on the business transactions which might affect the past business financial and income statements.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
Excise
custom
newgstreturn
mca
csr
gstr 9
gstr 3b
tin nsdl
exams
ca exams may 2020
esic
itc
cag
Service Tax
gst return
llp
sebi
ca students
epfo
dvat
audit
Info Technology
pm cares fund
close
GST Live Class

FM by Grant Thornton    |    x