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Ind AS 19 : Employee benefits query
As per AS 15, Service cost and interest cost should have been recognised in the P & L and Net Asset/ liability should have been recognised in the balance sheet during 2015-16 and 2016-17 but they were not done. Now being first year of IND AS implementation we are restating them under IND AS. How should we justify the difference in the Notes ?
Replies (2)
every chane will go in retained earning. opening balance sheet
thank you
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