https://www.taxtmi.com/manuals?id=2922 Offsetting of assets and liabilities, or income and expenses, is prohibited unless an Ind AS permits it; presentation should separately report assets, liabilities, income and expenses so users can assess transactions and future cash flows. Offsetting is acceptable only where it reflects the substance of the transaction and not for window dressing. Measurement allowances are not offsetting. Revenue is measured at expected consideration and incidental gains or losses from disposals, investments or foreign exchange should be presented net of related expenses, with material items disclosed separately. Reimbursement expenditure offsetting is permitted by Ind AS. en-us Sat, 24 Jun 2023 10:35:00 +0530 Sat, 24 Jun 2023 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2922 Offsetting of assets and liabilities, or income and expenses, is prohibited unless an Ind AS permits it; presentation should separately report assets, liabilities, income and expenses so users can assess transactions and future cash flows. Offsetting is acceptable only where it reflects the substance of the transaction and not for window dressing. Measurement allowances are not offsetting. Revenue is measured at expected consideration and incidental gains or losses from disposals, investments or foreign exchange should be presented net of related expenses, with material items disclosed separately. Reimbursement expenditure offsetting is permitted by Ind AS. Manuals Companies Law Sat, 24 Jun 2023 10:35:00 +0530 https://www.taxtmi.com/manuals?id=2922