03 June 2013
In introduction part it is given this accounting standard that " this standard is applicable to all business reporting enterprises whose turnover exceeds 50 cr
what is the defination of business reporting enterprises limited liability Partnership included
03 June 2013
The entities which are in commercial business and to whom standards are applicable are called Business reporting entities. It should be know that standards are not applicable to all, they are just applicable to Commercial, Industrial and Business reporting entities only. Hence LLP is included.