alleryStart learning →For the extra opening balance sheet, are related disclosures required?
AYes, but only summary
BNo, they are not needed
CYes, if the auditor asks
DYes, in full detail
Answer & Solution
Correct answer: B. No, they are not needed
The entity must make the disclosures of paragraphs 41-44 and Ind AS 8 but need not present related notes for the opening balance sheet.
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