AS 10

Accountancy

Sir here FV of asset given up is known although it lacks commercial substance. Then why we are measuring at book value

Sugam SM

CA Final

★ 9K+

29-Apr-23 10:24

400

Answers (2)

I can give my car and take your car. If I recognise at fair value gain is taken to P&L

CA Suraj Lakhotia

Admin

29-Apr-23 10:26

Substance doesn’t change

CA Suraj Lakhotia

Admin

29-Apr-23 10:26

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AS 10

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