Home › CA Final › financialreporting › Ind AS 28 — Impairment, Discontinuing Equity Method, Held for Sale & Carve-outs from IAS 28 / AS 23 › Under Ind AS 28, length of difference between th…
Under Ind AS 28, length of difference between the reporting dates of an investor and its associate/JV must not exceed:
AThree months
BTwo months
CSix months
DOne month
Answer & Solution
Correct answer: A. Three months
Ind AS 28 paragraph 33 caps the gap between reporting dates at three months. AS 23 has no such limit. This is a documented Ind AS 28 vs AS 23 difference.
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