IND AS 10

Financial Reporting

Here also, inventory having significant amount was burnt so it will affect going concern so it shall have effect on financial statements na ?

Hrishikesh Pradhan

Qualified CA

★ 18K+

24-Dec-24 22:38

825

Answers (1)

The question should mention that going concern is affected. ONly inventory loss does not generally result in going concern being affected.

CA Suraj Lakhotia

Admin

26-Dec-24 07:53

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

IND AS 10

Your Reply

Company

Information

Offerings