Accounting standards

This query is : Resolved

Jitender Singh (Querist)
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27 July 2013 Hello,

My query is:

As per classification for applicability of AS done by ICAI, (Level -I, II and III)

The words used is "ALL NON-CORPORATE ENTITIES" whose turnover exceeds Rs. 50 crore......

I want to know what is the meaning of "NON CORPORATE ENTITIES"?
Does it includes company registered under Companies Act or not?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 July 2013 it means entities other than Company.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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31 July 2013 This includes proprietorship firms, Partnership firms, Trust, Co-operative Society, Joint Ventures, marketing and procurement bodies set up by State Government etc. etc. but does not include Private Limited and Limited Companies.

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