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applicabiity of AS to Charitable organisation

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09 July 2008 1.As per AS compendium only AS 1,4,6,7& 10 are compulsary .Whether other AS are mandatory on the basis of scope specified in them?

2.Whether AS other than mandatory are applcable to Charitable organisation.?
As per AS Compendium AS are applicable to enterprise but it does not talk about the objective of enterprise.Hence,even if a charitable organisation carried on a business activity it is not exempted from AS.BUT WHETHER AS OTHER THAN MANDATORY LIKE AS 15,19 ,29 ARE APLLICABLE TO SUCH ORGANISATION
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
09 July 2008 Yes, AS as applicable to other enterprises will also apply to a Charitable Organisation.
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