Ind as and gaap
Naina Rawat (Article) (135 Points)
27 May 2016
What are points of distinction between IND AS and Indian GAAP, Please discuss
Naina Rawat (Article) (135 Points)
27 May 2016
Manish Jain
(Chartered Accountant)
(119 Points)
Replied 27 May 2016
GAAP stands for Generally Accepted Accounting Principles. They are the standard framework of guidelines for financial reporting. GAAP comprises of Ind AS.
So basically there are no points of distinction.
I think you are not clear with what you want to ask. Please clarify as to what your doubt exactly is. Will suerly help :)
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