Accounting Standards
This query is : Open
29 June 2011
Dear Sir,
Whenever there is a conflict between the Accounting Standards issued by ICAI, statute and Revised schedule VI, which one should be followed in priority.
Whenever there is a conflict between the Accounting Standards issued by ICAI, statute and Revised schedule VI, which one should be followed in priority.
29 June 2011
Provisions of Schedule VI will prevail over Accounting Standard
30 June 2011
Hi,
First of all let me clarify that statute here is referred to Companies Act 1956.
And I hv been told by my A/c's teacher that prority should be as follows:
1.AS
2.Co. Act 1956
3.Revised Shcedule VI
If you can validate your answer with some reference, please.
First of all let me clarify that statute here is referred to Companies Act 1956.
And I hv been told by my A/c's teacher that prority should be as follows:
1.AS
2.Co. Act 1956
3.Revised Shcedule VI
If you can validate your answer with some reference, please.
30 June 2011
Accounting Standard will prevail over Provisions of 'Revised Schedule VI'
i didnt see the word revised in your quest,,
i didnt see the word revised in your quest,,
01 July 2011
Sir,
kindly give some refference regarding this matter,to validate this answer.
Their is a long discussion going on this issue among my colleagues.
kindly give some refference regarding this matter,to validate this answer.
Their is a long discussion going on this issue among my colleagues.
01 July 2011
https://www.primeacademy.com/murugappa-prime-scheduleVI-vt.pdf
GREEN COLOUR TEXT ARE NEW PROVISIONS
GREEN COLOUR TEXT ARE NEW PROVISIONS
04 July 2011
Sir,
what about the Co.Act 1956, where does it ranks.
what about the Co.Act 1956, where does it ranks.
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