When an asset is sold or disposed of, where is the gain or loss recognised?

Related MCQs

• How should an asset be initially recognised in the financial statements?
• Where is the amortisation of an intangible asset recognised?
• What is the amount an asset could achieve if sold between knowledgeable, willing parties in an arm’s length transaction?
• Loss on issue or discount on issue of debenture is a…..asset
• Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.
• Grants related to depreciable assets should be recognised as……., in the period in which their depreciation is charged
• Unrealised profit on goods sold and included in stock is deducted from :
• Under Ind AS 16 how often the useful life of an asset should be reviewed?
• Under Ind AS 16 if an asset is idle
• Which of these is an allowable cost of an asset under Ind AS 16?