Indian Accounting Standard (Ind AS) 23 is related to _________ Indian Accounting Standard (Ind AS) 23 _________

Correct option is B

Indian Accounting Standard (Ind AS) 23 is related to Borrowing Costs.

Information Booster:

1. Ind AS 23 specifies the recognition, measurement, and disclosure of borrowing costs.
2. Borrowing costs include interest, amortization of loans, and other costs incurred to finance assets.
3. Costs directly attributable to the acquisition or construction of qualifying assets are capitalized.
4. Other borrowing costs are expensed as incurred.

Additional Knowledge:

• Ind AS 21: The Effects of Changes in Foreign Exchange Rates.
• Ind AS 24: Related Party Disclosures.
• Ind AS 20: Accounting for Government Grants and Assistance.