Accounting for Exchange Differences and Scheme Expenses in Mutual Funds

On a straight-line basis over the initial lease term

Present obligation as a result of past events, likelihood of outflow of resources, and reasonable estimation of the amount

By dividing the net profit after tax by the weighted average number of equity shares outstanding during the year

<p>Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue equity shares were exercised or converted during the period/year</p> Signup and view all the answers

<p>At each Balance Sheet date</p> Signup and view all the answers

<p>If it is no longer probable that the outflow of resources would be required to settle the obligation</p> Signup and view all the answers

<p>Subsequent expenditure that increases future benefits beyond the previously assessed standard of performance</p> Signup and view all the answers

<p>As the difference between net disposal proceeds and carrying amount of the asset</p> Signup and view all the answers

<p>At cost less accumulated amortization and impairment losses</p> Signup and view all the answers

<p>Cost of fixed assets that are not ready for their intended use</p> Signup and view all the answers

<p>Charged to the Statement of Profit and Loss when incurred</p> Signup and view all the answers

<p>Straight line method based on the estimated useful life stipulated by Schedule II to the Companies Act, 2013</p> Signup and view all the answers

<p>Recurring expenses are required to be borne by the Company and charged to the Statement of Profit and Loss.</p> Signup and view all the answers

<p>Expenses relating to new fund offers are charged to the Statement of Profit and Loss in the year in which they are incurred.</p> Signup and view all the answers

<p>Brokerage and/or incentives paid on these investments are amortized over a period of 36 months.</p> Signup and view all the answers

<p>Tax expenses comprise of current tax and deferred tax.</p> Signup and view all the answers

<p>Current tax is determined as the amount of tax payable in respect of taxable income for the year.</p> Signup and view all the answers

<p>Deferred tax is recognized on timing differences, with consideration of prudence for deferred tax assets.</p> Signup and view all the answers