Accounting standards
This query is : Resolved
14 September 2011
Hello
I would like to know that if a company is Level 1 company for Accounting Standards then for how many years will it be necessary for the company to follow Accounting Standards for Level 1 if subsequently it has conerted to Level 2
I would like to know that if a company is Level 1 company for Accounting Standards then for how many years will it be necessary for the company to follow Accounting Standards for Level 1 if subsequently it has conerted to Level 2
14 September 2011
no such condition.....
when it is level 1 then follow level 1 AS, when level 2 then level 2 AS
when it is level 1 then follow level 1 AS, when level 2 then level 2 AS
17 September 2011
Classification is to be made at any time during fy so if it is a level 2 in current fy then follow AS as prescribed no matter of what it was in p.y.
Hope above ans will help u.
Regards,
Sumat Singhal.a level 2 in current fy then follow AS as prescribed no matter of what it was in p.y.
Hope above ans will help u.
Regards,
Sumat Singhal.
Hope above ans will help u.
Regards,
Sumat Singhal.a level 2 in current fy then follow AS as prescribed no matter of what it was in p.y.
Hope above ans will help u.
Regards,
Sumat Singhal.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
