Listed companies having net worth of .......... were required to prepare their financial statements by adopting Indian Accounting Standards (Ind ASs) for the accounting period ending on or after 1 st April, 2017.

CS Executive · Corporate and Management Accounting · PYQS · December 2023
Listed companies having net worth of .......... were required to prepare their financial statements by adopting Indian Accounting Standards (Ind ASs) for the accounting period ending on or after 1 st April, 2017.
(A) Less than ₹ 500 crores
(B) ₹ 500 crores or more
(C) ₹ 1000 crores or more
(D) No limit

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Accounting

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