alleryStart learning →Ind AS applied from 1 April 2016 to every company with net worth of at least
ARs 50 crore
BRs 100 crore
CRs 250 crore
DRs 500 crore
Answer & Solution
Correct answer: D. Rs 500 crore
The first mandatory phase covered companies with net worth of not less than Rs 500 crore.
Keep practising Accounting Concepts
Browse all Accounting Concepts questions for CA Foundation, or explore more Accounting topics.
Related questions
Forensic accounting engagements arise fromFinancial statements published after the period ends are mainlyManagement accounting also covers future-oriented items such asWhich audit firm was dissolved after the Enron scandal?The Sarbanes-Oxley Act of 2002 followed the admissions of fraud atPreventing and detecting fraud is primarily the duty ofAn intentional misstatement in accounting records involving deception isWhich accounting field aims to give an independent opinion on financial statements?