Menu
Accounting Standard applicability & violation
An airline is required by law to overhaul its aircraft once in every three years.
A company which operates aircrafts does not provide any provision as required by law in its final account.
Please tell me which Accounting Standard the company is violating.
Replies (1)
majorly.....AS- 29. Contingent asset, liabilities and provisions.
Recent Topic
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
Related Topics
CAclubindia
