Ind AS 105 - Balance Sheet Presentation of Assets Held for Sale | Non-Current Assets for Sale

Where should this building held for sale be shown in the Balance Sheet? Suppose it's a building—where will we present it? Under Ind AS 105, you are not supposed to show it under Non-Current Assets, and you are also not supposed to show it under Current Assets. Now you might ask, 'But sir, the Balance Sheet has only two sections—Non-Current Assets and Current Assets.' The answer is: create a separate line item called 'Non-Current Assets Held for Sale.' So, first you'll present all your Non-Current Assets, then all your Current Assets, and after that, you'll present a separate line item: 'Non-Current Assets Held for Sale.' If you have any non-current asset classified as held for sale, it will be shown separately under this heading. If we continue with the same example, the building will be presented in the Balance Sheet at ₹240 crore. Now, what if it is a disposal group? We'll discuss the accounting treatment for disposal groups a little later. We'll cover it in detail. So, let's conclude the presentation requirement. Where should it be shown in the Balance Sheet? Neither under Non-Current Assets nor under Current Assets. After listing all Non-Current Assets and Current Assets, present a separate line item called 'Non-Current Assets Held for Sale. #IndAS105 #IndAS #AccountingStandards #CAFinal #CAStudents #CharteredAccountant #CMAFinal #CMAStudents #ACCA #FinancialReporting #BalanceSheet #AccountingConcepts #AccountingEducation #CommerceStudents #FinanceStudents #Audit #IFRS #ExamPreparation #StudyReels #SAGC