Companies (AS) Rules, 2006
This query is : Resolved
Ramkrishna Mokashi
(Querist)
08 January 2008
Dear All,
Following is a hyperlink to Companies (Accounting Standards) Rules, 2006
These rules only provide for AS 1 to 7 & 9 to 28. I am unable to understand why AS 8 (on Research & Development) is not included..
https://www.mca.gov.in/MinistryWebsite/dca/notification/notification_comp_Acct.html
Following is a hyperlink to Companies (Accounting Standards) Rules, 2006
These rules only provide for AS 1 to 7 & 9 to 28. I am unable to understand why AS 8 (on Research & Development) is not included..
https://www.mca.gov.in/MinistryWebsite/dca/notification/notification_comp_Acct.html
08 January 2008
Dear Ram,
After inroduction of AS 26 on Intangible Assets, AS 8 in respect of Research and Development is no more applicable. You can refer to AS 26 for treatment of expenses in relation to Research and Development
After inroduction of AS 26 on Intangible Assets, AS 8 in respect of Research and Development is no more applicable. You can refer to AS 26 for treatment of expenses in relation to Research and Development
Amit Sharma
(Expert)
08 January 2008
I agree with amit, perfect answer
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