Accounting Standard applicable to SMC
This query is : Resolved
26 August 2009
Plaease provide information about non-applicability or exemption from following Certain Accounting standard for Micro,Small & Medium Sized Company.
Is AS-15, As - 18 & AS-22 applicable on SMC.
Is AS-15, As - 18 & AS-22 applicable on SMC.
01 September 2009
Hi Avnish Gupta,
please find the following answer for the applicable accounting standards to SMC in detais
1. AS - 15 - Employee Benefits - Applicable
2. AS - 18 - Related Party Discosure - Applicable
3. AS - 22 - Accounting for Taxes on Income - Applicable.
Find the following standards that are not applicable to the SMC such as AS - 3, AS - 17, AS - 21, AS - 23, AS - 25, As - 27.
Hope this information is helpful.
Thanks
please find the following answer for the applicable accounting standards to SMC in detais
1. AS - 15 - Employee Benefits - Applicable
2. AS - 18 - Related Party Discosure - Applicable
3. AS - 22 - Accounting for Taxes on Income - Applicable.
Find the following standards that are not applicable to the SMC such as AS - 3, AS - 17, AS - 21, AS - 23, AS - 25, As - 27.
Hope this information is helpful.
Thanks
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