alleryStart learning →Which is an objective of Ind AS 113?
ARequiring fair value disclosures
BDeciding when to revalue
CSetting tax rules on revaluation
DDefining every unit of account
Answer & Solution
Correct answer: A. Requiring fair value disclosures
The standard defines fair value, sets one framework for measuring it and requires disclosures, but it does not decide when fair value applies.
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