Maruti Suzuki India Ltd is the company under consideration.

• IND AS 1 - The company has provided a complete and well-rounded set of financial statements,
including the balance sheet, P&L statement, statement of changes in equity, statement of cash
flows, and financial statement comments.

An open and concise picture is given by the notes to the financial accounts.

• IND AS 7 - The company adheres to the "Indirect Method" as specified by IND AS 7 and has
provided the cash flow statement in accordance with this standard.

• IND AS 2 - Net Realisable Value (NRV) or cost, whichever is smaller, is used to value inventory. 

Purchase price and expenses incurred to move inventory to the intended location and condition are inc
luded in the cost of inventories. 
Weighed average cost principles are used to assign costs to inventory items. 
NRV for inventory is calculated as the estimated selling price of sold products less the estimated cost 
required to close the transaction.

• IND AS 16 - When the firm is likely to receive future economic advantages associated with an asset, 
additional costs are applied to the asset's carrying value. 
The income statement is used to record any gains or losses associated with the sale or disposal of PP&
E. 
Utilizing the straightline depreciation approach, the company amortises PP&E over their anticipated u
seful lifetimes.

• IND AS 115 - The fair value of the remuneration received or anticipated to be received is used to
calculate revenue. When the amount of revenue and its cost can be determined with accuracy and it is
likely that the firm will get future financial benefits, revenue is recognised. Services are paid for as
they are rendered, and revenue is recognised accordingly. Unearned revenue, a current liability, is
credited for invoices that exceed revenues.

INFOSYS

IND AS 1 - The company has provided the full set of financial statements, including the balance
sheet, profit and loss statement, statement of changes in equity, statement of cash flows, and
financial statement comments. A truthful and fair perspective of information, such as accounting
principles and other explanatory information, is provided in the notes to the financial statements as
compared to earlier periods.

IND AS 7 - The company created the cash flow statement using the "Indirect Method," which is
described in IND AS 7.

IND AS 2 - Since it doesn't keep any inventory, the standard does not apply to it.
IND AS 16 - Until the property, plant, and equipment are ready for use, costs associated with the
acquisition are capitalised. Gains or losses resulting from the sale or disposal of PP&E are recorded
on the income statement. PP&E are depreciated by the company using the straight-line depreciation
technique over their projected useful lifetimes.

IND AS 115 - Revenues from client contracts are considered for recognition when the agreement to
the appropriate requirements is reached by both parties, the contract is approved and made legally
binding. identifies the precise performance requirements covered by the agreement and assigns a
transaction price to each of these duties. Contract income is determined using the % completion
approach. It is computed by dividing the entire predicted efforts or costs by the total of the efforts or
costs already incurred.

InterGlobe Aviation Ltd (Indigo)

IND AS 1 - The company has provided a complete set of financial statements, which includes a
balance sheet, P&L statement, statement of changes in equity, statement of cash flows, and notes to
the financial statements. Financial statement notes give a true and accurate representation of the
facts, including accounting principles and other explanatory data, as compared to preceding periods.

IND AS 7 - Using the "Indirect Method" prescribed by IND AS 7, the company drafted the cash flow
statement.
Cost or net realisable value (sometimes known as "NRV") are used to value inventory. The cost of
inventories includes the purchase price and the costs incurred to transport inventory to its intended
location and state. Costs for inventory items are assigned using the weighed average cost approach.
The expected selling price of sold goods is subtracted from the estimated cost of completing the
transaction to determine the net realisable value (NRV) of inventory.

IND AS 16 - The cost of a piece of PP&E is made up of the asset's acquisition price as well as any
expenses incurred in bringing the asset to the location and into the required condition. The income
statement is adjusted for any gains or losses resulting from the sale or dispose of PP&E. Depreciation
on PP&E is calculated using the written-down value method, with the exception of owned aircraft,
spare engines, rotational equipment, and leasehold improvements involving aircraft. The straight-
line technique is used to calculate the depreciation on the remaining PP&E and non-aerospace
equipment.
IND AS 115 - Revenue is recorded when control of products or services is transferred to customers.
according to the fair market value of the compensation received or anticipated to be paid. Unearned
revenue, a current liability, is debited for sales of goods and services that have not yet been
rendered.