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Ind AS 115 supersedes which earlier Ind ASs effective for periods beginning on or after 1 April 2018?
AInd AS 109 (Financial Instruments) only
BInd AS 17 (Leases) and Ind AS 18 (Revenue)
CInd AS 11 (Construction Contracts) and Ind AS 19 (Employee Benefits)
DInd AS 11 (Construction Contracts) and Ind AS 18 (Revenue)
Answer & Solution
Correct answer: D. Ind AS 11 (Construction Contracts) and Ind AS 18 (Revenue)
Ind AS 115 replaced both Ind AS 11 (Construction Contracts) and Ind AS 18 (Revenue) when notified by MCA in March 2018, effective 1 April 2018.
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