An entity shall present a statement of changes in equity. The statement of changes in equity includes the following information: • total comprehensive income for the period, showing separately the
An entity shall classify an asset as current when:(a) it expects to realize the asset, or intends to sell or consume it, in its normal operating cycle (b) it holds
A complete set of financial statements comprises:(a) a balance sheet as at the end of the period;(b) a statement of profit and loss for the period;(c) statement of changes in
Total comprehensive income is the change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as
A company shall prepare financial statements for every financial year as required by law. A parent company in a group of companies shall prepare consolidated financial statements as per Ind
An entity classifies a non-current asset as held for sale as per Ind AS110? When shall an entity classify a non-current asset as held for distribution to owners?
An entity shall classify a non-current asset (or disposal group) as held for sale if its carrying amount will be recovered principally through a sale transaction rather than through continuing
Consolidated financial statements: (a) combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries. (b) offset (eliminate) the carrying amount