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AS 15

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2011 dear members,
is AS 15 applicable if the enterprise is subsidiary of a foreign company which is fulfilling the other condition for AS 15??

Kindly help.
thanks..
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
17 July 2011 Each condition is a separate condition and on fulfilling any of the conditions mentioned under the heading Scope and applicability of AS 15, it becomes applicable.

It is applicable.
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