applicability of ind as

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urvi

43 Points Joined April 2011

net worth of a company is exceeding RS 250 crore as per audited balance sheet as at 31st March 2018, what is the reporting period and transition date
when company is required to present first balance sheet as per Ind as

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Guest

for applicability of ind as in current year , u have to check previous year net worth ..so for example if u want to know whether ind as is applicable or not for the financial statement for the year ended 31-3-2018, then you have to check net worth as per financial statement 31-3-2017 , likewise net worth on 31-3-2018 will decide applicability for the year 2018-2019.