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AS 28 - related to carrying amt of CGU

Accountancy

What do these liability refer to? Is it added or subtracted from carrying amount? What exactly is the treatment in such cases in reference to the extract from the textbook Also could you explain the example in the 2nd attachment Video Details ------------- P1 - Accounting Standards - CA Inter AS 28 #5. Cash Flow Projections

Rania D'souza

CA Inter

★ 650

04-Sep-24 13:20

111

Answers (3)

These liability are liabilities of CGU. These have to be deducted to arrive at the net carrying amount.

CA Suraj Lakhotia

Admin

09-Sep-24 15:39

In the question, there is a provision for restoration cost - this is a liability which is associated with the mine. So it is reduced to arrive at the net carrying amount.

CA Suraj Lakhotia

Admin

09-Sep-24 15:40

CA Suraj Lakhotia Admin

In the question, there is a provision for restoration cost - this is a liability which is associated with the mine. So it is reduced to arrive at the net carrying amount.

Ok, thank you sir

Thread Starter

Rania D'souza

CA Inter

★ 650

10-Sep-24 09:37