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What is the date of applicability of AS 10 (Revised) 'Property, Plant and Equipment'?
A01/04/2001
B01/04/2016
C01/04/2006
D01/04/2008
Answer & Solution
Correct answer: B. 01/04/2016
1. Step 1: The applicability table in Ch 1 lists AS 10 (Revised) as applicable from 01/04/2016.
2. Step 2: It replaced the earlier AS 10 and the now-withdrawn AS 6.
3. Step 3: Hence (C) is correct.
_Source: ICAI BoS CA Inter Paper 1, Ch 1 "Introduction to Accounting Standards"_