Which of the following is an example of an item that may need to be recognised on the transition date under Ind AS?

CA Final · Financial Reporting · MTP · September 2025
Which of the following is an example of an item that may need to be recognised on the transition date under Ind AS?
(A) Redeemable preference shares previously shown as equity
(B) Customer-related intangible assets arising from a restated business combination
(C) Discounting of long-term provisions
(D) Deferred tax based only on timing differences

Suggested Answer and Working Notes:

Correct Answer: Option (B)

Customer-related intangible assets arising from a restated business combination

Topics: Ind AS 103, Ind AS 12, Ind AS 38

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