alleryStart learning →Is Ind AS compulsory for a standalone unlisted entity worth only Rs 200 crore?
AYes, from 1 April 2017
BYes, from 1 April 2018
CNo, only voluntary
DYes, from 1 April 2016
Answer & Solution
Correct answer: C. No, only voluntary
Rule 4 makes Ind AS mandatory only from Rs 250 crore of net worth for unlisted companies, so Rs 200 crore allows only voluntary adoption.
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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?