ARE ACCOUNTING STANDARDS APPLICABLE FOR PARTNERSHIP FIRMS AND SOLE PROPREITORY CONCERNS
1 Replies
Saliq Ansari
(CA_Final Student)
(885 Points)
Replied 03 March 2016
Yes Accounting Standards (AS) are appicable to Partnership Firms and Proprietorship Firms subject to Exemption from certain AS if the said Firms falls in Level II or Level III Entities.
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