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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>Revenueb. Production Test<strong>in</strong>g Revenue – Oil and GasQ Production test<strong>in</strong>g revenue taken to <strong>in</strong>come 10. Net marg<strong>in</strong> is 80 %AnswerA Cr NW 0, Dr NI 8Rakesh Agarwal Slide 80

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