Applicability of accounting standard 18


This query is : Resolved 

16 January 2013 Is Accounting Standard 18 "Related Party Disclosure" applicable to a private company?

Also, whether the applicability of AS 18 different for Level - I, II & III companies?

Note: The private co. in the first question is Level-I enterprise.

16 January 2013 AS 18 is applicable to Level I entity and all companies.

17 January 2013 AS 18 will apply on p ltd Companies

17 January 2013 Yes, Applicable.


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