Principal revenue producing activity of an entity is called…

Related MCQs

• …..are resources controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.
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• Omission or misstatement in entity’s financial statement for one or more prior period is called
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• An entity must measure its Property, Plant and Equipment after initial recognition at,
• Which method depreciation is most appropriate for the entity to compute depreciation for the significant parts of the aircraft?
• An entity assesses inventories for impairment,
• Total borrowings used for construction of an office building are Rs.30, 00000. Entity issued 8% debentures worth 10,00000 for this purpose and balance amount was utilized from its common pool including 10% bank loan of Rs.1000000 and 9.5% bank loan of Rs.1000000. What is the amount of borrowing cost to be capitalized?
• An entity shall cease capitalizing borrowing cost when