Applicability of accounting standards as notified by mca
This query is : Resolved
12 June 2012
This has reference to the applicability of Accounting Standards notified by Ministry of Corporate Affairs vide Notification G.S.R. 739(E) dated 07.12.2006. As per the aforesaid notifications, almost all accounting standards barring few ones like AS-17,AS-21, AS-3, AS-23, AS-25 are applicable to all companies in their entirety for accounting periods commencing on or after 7th December 2006.
For example whether AS-18 & 20 would be applicable for all the companies irrespective of the criteria (Level I, II, III) defined in Accounting Standards issued by ICAI?
would like to know views of learned Experts on the same and would like to know if any further clarifications, notifications, exemptions have been issued by MCA.
For example whether AS-18 & 20 would be applicable for all the companies irrespective of the criteria (Level I, II, III) defined in Accounting Standards issued by ICAI?
would like to know views of learned Experts on the same and would like to know if any further clarifications, notifications, exemptions have been issued by MCA.
12 June 2012
AS 20 and AS 18 is applicable to all comapanies irrespective of their size and status as per notified accounting standard.
Message likes :
1 times
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
- GST Regis.
- Inventory of finished goods
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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 ?
Trending Online Classes
CAclubindia
