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IND AS 116

Financial Reporting

what does this mean "Commensurate of Standalone Price"

HEMACHANDHAR M

CA Final

★ 1K+

17-Mar-24 21:14

Answers (4)

Best Answer

Example "The salary offered by the company was commensurate with the candidate's level of experience and skills." In this example, it means that the salary being offered matches or is proportional to the candidate's qualifications and expertise.

CA Suraj Lakhotia

Admin

19-Mar-24 07:57

if a company sells a product for Rs. 10,000, that's the commencement rate standalone price. It's the starting point for measuring revenue.

shivaji hari

CA Final

★ 2K+

18-Mar-24 01:29

"Commensurate" means corresponding in size, extent, amount, or degree. In other words - proportionate.

CA Suraj Lakhotia

Admin

19-Mar-24 07:57

Okay sir. Thank you.👌

Thread Starter

HEMACHANDHAR M

CA Final

★ 1K+

19-Mar-24 19:41

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