Hi All
Plz tell me Financial Accounting Standard No. 5 and please tell me what are the applicable requirements of statement Financial Accounting Standard No. 5
Thx
3 Replies
pRaSoOn
(Articled assistant)
(500 Points)
Replied 13 March 2008
Yaar you always ask the queries whose answer is not wid me...thats why you re a lawyer....do tell me too what's it all about..
Adv. S Sharma
(Lawyer)
(574 Points)
Replied 13 March 2008
COMPLIANCE WITH ACCOUNTING STANDARDS (AS) ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA.
a) Accounting Standard AS-5 - Net Profit or Loss for the Period, Prior
Period Items and Changes in Accounting Policies:
As Prior period items are not material, the same have been charged/accounted for in respective head of accounts.
a) Accounting Standard AS-5 - Net Profit or Loss for the Period, Prior
Period Items and Changes in Accounting Policies:
As Prior period items are not material, the same have been charged/accounted for in respective head of accounts.
pRaSoOn
(Articled assistant)
(500 Points)
Replied 13 March 2008
ooh so dat was Accounting standard....i was thinking that financial accounting standard is something else.....dats it...anyways thanks...
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