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Can anyone please help explain question pasted in screenshot.We read for two methods under US gaap for collectibliity not certain.. and there was no method for IFRS there. please throw light on this concept and in which lecture this was taught.. i attended all of lectures and could not recall.. please suggest
This is according to converged standards. You can check core or you can watch the review lectures of Income statement, may be it is also discussed over there.
I don’t think so it was discussed earlier, I struggled in that question too.
mujhe to lag rha hai hum classes me sune hai,, warna question ko surity se ans C nhi dete. jitna recall kr paa rahe hai, sune the ki IFRS ka rules based nhi hai usme probable word aye to he and iss case me probable means 50% se jada hone se he kam chal jyega lekin US GAAP rules based to uska minimum 70-75% maan ke chalo but this is not mentioned anywhere. This is what I remember regarding this !!
mujhe to lag rha hai hum classes me sune hai,, warna question ko surity se ans C nhi dete. jitna recall kr paa rahe hai, sune the ki IFRS ka rules based nhi hai usme probable word aye to he and iss case me probable means 50% se jada hone se he kam chal jyega lekin US GAAP rules based to uska minimum 70-75% maan ke chalo but this is not mentioned anywhere. This is what I remember regarding this !!