will it be correct if i say Indian GAAP and Accounting Standards is one and the same thing ? if it's same then why there are two names ? if not same then what is the difference ?? plz help..???
sneha (Accountant) (51 Points)
29 November 2013will it be correct if i say Indian GAAP and Accounting Standards is one and the same thing ? if it's same then why there are two names ? if not same then what is the difference ?? plz help..???
Please Find The Attached File Wherein You Can Find There Is Comparison Made Between
IFRS, IGAAP & AS.
sneha
(Accountant)
(51 Points)
Replied 30 November 2013
thanx sunrisers for attaching file but it has not answered my question as difference between igaap and as is not there. plz help somebody 1187878 members and still growing....?? doesn't somebody have the answer...??
shivaji
(job)
(424 Points)
Replied 01 December 2013
Hi,
Indian GAPP is not came into existence
it is under proposal and it is not accepted till now
if it is came into existence than it is replaced with AS
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