alleryStart learning →Once a company follows Ind AS, voluntarily or mandatorily, what is true?
AIt may revert after two years
BIt may revert if net worth falls
CIt may revert with ICAI consent
DIt cannot revert to the old method
Answer & Solution
Correct answer: D. It cannot revert to the old method
Ind AS adoption is irreversible once a company starts following it.
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