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AS-10

Meet Darji (21 Points)

24 February 2019

AS-10 objectives
why need it

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Priya Kashyap (Student) (7048 Points)
Replied 24 February 2019

https://cawinners.com/as-10-fixed-assets/

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Meet Darji (21 Points)
Replied 24 February 2019

but its objectives are explained again in simple word and meaning

Priya Kashyap (Student) (7048 Points)
Replied 24 February 2019

4

Objective of the standard
The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment.
Principal issues in accounting for property, plant and equipment are; Recognition of the asset.
The determination of their carrying amounts.
The charges of depreciation. Impairment losses to be recognized in relation to the asset.
:-)

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