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>Current Liabilitiesc. LeaveQ The Company provides for leave accruals on basis <strong>of</strong> its Basic Pay + DAwhich constitutes 50 % <strong>of</strong> the CTC. The leave accruals <strong>in</strong>creased from 20to 25 dur<strong>in</strong>g the period. Presume that company follows FIFO method <strong>of</strong>leaveAnswerA Dr NW 25, Dr NI 5Rakesh Agarwal Slide 76