Tag Archives: deemed cost

FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101

By | June 30, 2016

Source : ICAI FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards* Issue: Ind AS 101 provides that the net carrying amounts of all of its Property, Plant and Equipment as per previous GAAP can be used as deemed cost on the date of transition… Read More »