Financial Reporting

QuickBook Ltd. sells accounting software (SSP ₹ 80,000) with installation services (SSP ₹ 20,000) for a bundled price of ₹ 90,000. The installation does not sig...

Company A is a wholly-owned unlisted subsidiary of Company X (a listed Indian company that prepares Ind AS consolidated financial statements). Company A has sub...

Fashion India Ltd. (FIL) is a listed entity engaged in the manufacture and sale of fashion products. During the year, FIL undertook various transactions involvi...

Apex Ltd. holds a 25% interest of ₹ 10,00,000 in Beta Ltd., an associate and applies the equity method of accounting to its equity shares. In addition to the e...

Alpha Ltd., whose functional currency is the Indian Rupee (₹), recently acquired S Ltd., a company that had been preparing its financial statements under the pr...

Makers Ltd. acquired 65% of shares on 1 June, 20X3 in D Limited which is engaged in production of components of machinery. D Limited has 1,00,000 equity shares ...