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
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.
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