Pooja Gandhi (Audit Assisstant) (21 Points)
10 April 2017
khushboo jain
(works at JAIN KHUSHBOO & CO)
(172 Points)
Replied 10 April 2017
it depends whether Ind AS are applicable on the company or not.If Ind AS applicaple then reporting is requirED,otherwise not.
CA Amrita Chattopadhyay
(Audit & Assurance)
(13029 Points)
Replied 11 April 2017
Component accountingis not compulsory. It you are no table to distinguish various components of a fixed asset, component accounting may not be necessary. The management has to decide in this regard how the books are required to be prepared.
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