can we use rule of interpretation of statute to interpret AS or Ind AS if there is some ambiguity in it ?
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Accounting standard related
Replies (5)
Yes they can be used....
Rule of interpretation cannot be applied unless you know the details.
The rules are simple! If there it is equivocal, contact your management. And if they are mistaken than seek professional help here. What is your interpretation
The question of equivocal does not apply here. This is knowledge based.
Everything is knowledge and ppl must follow it. Following is not hard at all.
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