Accountancy, asked by prrrkmvc, 10 months ago

what aree the recent changes in fianccial reporting in india

Answers

Answered by sharmachitranshi75
0

Answer:

The Indian Ministry of Corporate Affairs (MCA) has notified Ind AS 116 Leases, applicable from 1 April 2019. The new standard replaces the existing standard Ind AS 17 Leases and interpretation/guidance contained in its appendices. Ind AS 116 is based on IFRS 16 Leases.

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