For the accounting period beginning on or after 1st April, 2019, all unlisted NBFCs whose net worth is more than or equal to __________ but less than __________ shall mandatorily follow the Ind ASs.

CS Executive · Corporate and Management Accounting · PYQS · June 2022
For the accounting period beginning on or after 1st April, 2019, all unlisted NBFCs whose net worth is more than or equal to __________ but less than __________ shall mandatorily follow the Ind ASs.
(A) ₹100 crore; ₹500 crore
(B) ₹250 crore; ₹500 crore
(C) ₹300 crore; ₹600 crore
(D) ₹400 crore; ₹800 crore

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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