recent amendments in accounting standards
This query is : Resolved
15 November 2008
which standards have been recently amended...
what are the accounting standards applicable for May 2009 attempt Ca (final)
what are the accounting standards applicable for May 2009 attempt Ca (final)
Deepak Agrawal
(Expert)
15 November 2008
All AS issued by ICAI are mandatory
AS 18 which was applicable to Levle 1 companies are now applicable to all...
AS 18 which was applicable to Levle 1 companies are now applicable to all...
15 November 2008
Will you please give me the effective date of AS 18 applicable to level-2 and 3 companies.
Deepak Agrawal
(Expert)
15 November 2008
7th Decemeber 2006, the datwe which company accounting standard rules became applicable
Refer its notification
Refer its notification
Nirav Vora
(Expert)
15 November 2008
hi...
Before amendment there is contravecy between as-10 and companies act 1956 that as per As-10, any exchange gain/loss arise on assets purchase on deffered payment system, such gain/loss will charge to P&L a/c. and as per companies act, it will charge to caost of assets. but now it is amended that any gain/loss will charged to P&L a/c.
Read whole provision makes you perfect.
Before amendment there is contravecy between as-10 and companies act 1956 that as per As-10, any exchange gain/loss arise on assets purchase on deffered payment system, such gain/loss will charge to P&L a/c. and as per companies act, it will charge to caost of assets. but now it is amended that any gain/loss will charged to P&L a/c.
Read whole provision makes you perfect.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Form 144 TDS Return Validation Error – Mandatory Fields
- IMS (import of goods) ITC related
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- GSTR9 Annual Return
- Applicability of tax on invoice
- Advances to related party
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
