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Indian accounting stndards

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2011 hello sir,
I have a trouble with regarding the understanding the IND AS.
My query is while transition of IND AS is there any impact on the profitability of organisation for the year in which transition took place

13 August 2011 Generally all the accounting standards are in same concept only, but the treatment of some items will be differ from standard to standard, so based on that your profit element also will impact while transition


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