alleryStart learning →Which item is a minimum paragraph 18 disclosure?
AShare price at year end
BDividends paid to outsiders
CAuditor fees for the full year
DBad debt expense on related dues
Answer & Solution
Correct answer: D. Bad debt expense on related dues
Paragraph 18 requires amounts of transactions and balances, provisions for doubtful debts, and the expense recognised for bad or doubtful related party debts.
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Related questions
The core principle of Ind AS 108 is to help users evaluate the:Where equity-method investments sit in segment assets, the entity discloses:Which item is disclosed if in the decision maker's profit measure?Entities known to be under common control are treated, for major customers, as:Geographical non-current assets exclude:Geographical revenue must be shown for the country of domicile and:Which revenue must be reported for each product or service group?Entity-wide disclosures in paragraphs 32 to 34 apply to: