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Applicability of accounting standard
Is every accounting standard is applicable on every company?
Replies (3)
No it depends on Company to Company and nature of business. However some as are mandatory. Level I, Level II and Level III enterprises are there for categarisation.
https://caknowledge.in/applicability-accounting-standards-complete-guide/
On company the accounting standard issued by MCA that is accounting standard rules 2006 is applicable or AS issued by institute??
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