alleryStart learning →Mandatory Ind AS for the first group of companies applies to periods starting on or after which date?
A1 April 2017
B1 April 2015
C1 April 2016
D1 April 2018
Answer & Solution
Correct answer: C. 1 April 2016
The first mandatory phase covers accounting periods beginning on or after 1 April 2016.
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Related questions
Under Rule 4, Ind AS binds companies in preparing statements and auditors in what?A small associate of a first-phase company must apply Ind AS from?A company in the process of listing has net worth of Rs 600 crore. Ind AS from?An unlisted entity with the minimum Rs 250 crore net worth begins Ind AS on?At precisely Rs 500 crore net worth, an unlisted entity adopts Ind AS beginning when?ICAI, which houses the Accounting Standards Board, was formed under what?The ICDS notified in February 2015 relate to what?Before Ind AS, Indian companies followed which accounting framework?