Fair value as per Ind AS 113 is the price that would be received to sell an asset or paid to transfer a liability in a transaction between market participants on the:

CS Executive · Corporate and Management Accounting · PYQS · December 2022
Fair value as per Ind AS 113 is the price that would be received to sell an asset or paid to transfer a liability in a transaction between market participants on the:
(A) Balance sheet date
(B) Measurement date
(C) Dividend declared date
(D) Earliest of the above three dates

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Accounting Standards

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