alleryStart learning →A company's first Ind AS reporting period ends 31 March 2024, with one year of comparatives. Its date of transition is:
A31 March 2024
B1 April 2021
C1 April 2022
D1 April 2023
Answer & Solution
Correct answer: C. 1 April 2022
The comparative year is 2022-23, so the earliest period presented begins on 1 April 2022, which is the transition date.
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