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Indian Accounting Standard (Ind AS)105 Concurrent Assets Held for Sale and Discontinued Operations Contents Objective Scope Classification of concurrent assets (or disposal groups) as held for sale
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Indian Accounting Standard Ind (Ind AS) is the accounting standards adopted by the Institute of Chartered Accountants of India (ICAI) which are harmonized with International Financial Reporting Standards (IFRS).
Companies in India that meet certain criteria are required to adopt Indian Accounting Standard Ind (Ind AS) for financial reporting purposes.
Indian Accounting Standard Ind (Ind AS) can be filled out by following the guidelines provided by the Institute of Chartered Accountants of India (ICAI). Companies need to ensure compliance with the standard while preparing their financial statements.
The purpose of Indian Accounting Standard Ind (Ind AS) is to improve transparency, consistency, and comparability of financial statements, making them more reliable for stakeholders.
Indian Accounting Standard Ind (Ind AS) requires companies to report their financial information in a way that is consistent with the standard, including details of revenue, expenses, assets, liabilities, and equity.
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