Accounting standard
This query is : Resolved
11 August 2009
Hi all
All commercial, industrial and business reporting enterprises,
whose turnover for the immediately preceding accounting
period on the basis of audited financial statements exceeds
Rs. 50 crore. Turnover does not include ‘other income’.In many of the accounting standarda he use this sentence..In this can u tell what is BUSINESS REPORTING ENTERPRISES..I asked this question for many of my friends but no one replied..Pls help on this
thank u
Hi all
All commercial, industrial and business reporting enterprises,
whose turnover for the immediately preceding accounting
period on the basis of audited financial statements exceeds
Rs. 50 crore. Turnover does not include ‘other income’.In many of the accounting standarda he use this sentence..In this can u tell what is BUSINESS REPORTING ENTERPRISES..I asked this question for many of my friends but no one replied..Pls help on this
thank u
Aditya Maheshwari
(Expert)
11 August 2009
Could be preparing P & L A/c or submitting Profit & loss a/c to any bank
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