IND AS 113 is a part of the IND AS that provides guidance on how to measure fair value when preparing financial statements. This standard defines fair value, outlines the framework for its measurement, and sets out the requirements for disclosing fair value information in the financial statements.
source https://www.caclubindia.com/articles/faqs-on-ind-as-113-fair-value-measurement-49498.asp
source https://www.caclubindia.com/articles/faqs-on-ind-as-113-fair-value-measurement-49498.asp
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