Hi,
Can somebody send me notes on applicablity of US GAAP that enable me to find out that on a particular US based company the US GAAP will be applicable or not and if applicable which GAAP it has to follow ?
4 Replies
Nikhil Kumar
(CA , Qualified CPA)
(910 Points)
Replied 08 January 2009
Hi Amit!!
Please send me the exact situation in detail and i'll reply accordingly.
Amit Agrawal
(CA)
(59 Points)
Replied 08 January 2009
Dear Nikhil,
My friend have to maintain books of accounts of a US based private Ltd. company as per US Law now he is seeking whether US GAAP will be applicable or not for the same because it is not a bit company.
So he required the critaria of applicablity of US GAAP.
Thanks n regards
CA.Amit Agrawal
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