Accounting standards
This query is : Resolved
Bhavesh Mehta
(Querist)
14 September 2011
Hello
I would like to know that if a company is Level 1 company for Accounting Standards then for how many years will it be necessary for the company to follow Accounting Standards for Level 1 if subsequently it has conerted to Level 2
I would like to know that if a company is Level 1 company for Accounting Standards then for how many years will it be necessary for the company to follow Accounting Standards for Level 1 if subsequently it has conerted to Level 2
CA Ayush Agarwal
(Expert)
14 September 2011
no such condition.....
when it is level 1 then follow level 1 AS, when level 2 then level 2 AS
when it is level 1 then follow level 1 AS, when level 2 then level 2 AS
CA Sumat Singhal
(Expert)
17 September 2011
Classification is to be made at any time during fy so if it is a level 2 in current fy then follow AS as prescribed no matter of what it was in p.y.
Hope above ans will help u.
Regards,
Sumat Singhal.a level 2 in current fy then follow AS as prescribed no matter of what it was in p.y.
Hope above ans will help u.
Regards,
Sumat Singhal.
Hope above ans will help u.
Regards,
Sumat Singhal.a level 2 in current fy then follow AS as prescribed no matter of what it was in p.y.
Hope above ans will help u.
Regards,
Sumat Singhal.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Closer of business and itc of capital goods
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Appointment of Auditor By Form ADT-1
- ARCA LOGIN
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
