according to framework -assets(control&benefit)
but
Ind as16-assets(no control required)
whether it is true
Only Conceptual framework 2018, defines asset as a current resource controlled as a result of past events which has the potential to produce future economic benefits.
In IndAS 16- there is no definition of assets in this standard because, the Conceptual framework defines the five elements- assets, liabilities, equity, expenses and income. Moreover, IndAS 16, will start prescribing accounting treatment as per this standard once a transaction is a qualifying asset as per the framework.
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