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As-3 applicability

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(Querist)
03 September 2013 MY QUERY IS ONE OF MY UNLISTED LIMITED COMPANY NOT FALL IN LEVEL ONE CATEGORY, PL. TELL ME THAT AS-3 WILL BE APPLICABLE OR NOT
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 September 2013 https://www.caclubindia.com/experts/accounting-standard-1392394.asp#.UiWCJNKBmAc

Check out the above link for answer of your question.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 September 2013 If the company-
is not a bank, FI or insurance co.,
turn over does not exceed 50 crores,
borrowings do not subsidiary to an SMC

then AS-3 is not applicable.
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