Economics · Accounting Standards
A private sector bank decided to switch from the historical cost principle to the revaluation model for its real estate portfolio. Which Indian Accounting Standard (Ind AS) governs Property, Plant, and Equipment and permits this revaluation model?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ind AS 109
- 2Ind AS 16✓
- 3Ind AS 10
- 4Ind AS 2
Correct answer
Ind AS 16
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