Ind AS 16-Property, Plant and Equipment
This query is : Resolved
Quick Summary
31 August 2023
Say, I have bought an asset for Rs. 12 Lakhs on 1 December 2022. The expected useful life of asset is 1 year. Where the asset is shown in balance sheet on 31 March 2023?
31 August 2023
Charge it to p and l account as the life is one year.
01 September 2023
Doesn't it substantially affect my Q3 Result?
01 September 2023
That can't be the issue.
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