IFRS in India - jb nagar cpe study circle of wirc of icai
IFRS in India - jb nagar cpe study circle of wirc of icai
IFRS in India - jb nagar cpe study circle of wirc of icai
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<strong>IFRS</strong> <strong>in</strong> <strong>India</strong> – Its Status, Overview <strong>of</strong> Concepts and Impact <strong>in</strong> <strong>India</strong>Annexure 2: Common adjustments from <strong>India</strong>n GAAP to <strong>IFRS</strong>Share Capitalb. The Initial Cost on account <strong>of</strong> issuance <strong>of</strong> additional Equity SharesQ The <strong>in</strong>itial cost <strong>of</strong> equity issued dur<strong>in</strong>g the year is 20. As the same was notallowed to be carried forward under <strong>India</strong>n GAAP (AS 26, <strong>in</strong>tangible asset),it was expensed <strong>of</strong>f.AnswerA. Dr NW 0, Cr NI 20Rakesh Agarwal Slide 72