AS 20

AS 964 views 3 replies
what is the meaning of "non corporate entities whose shares are listed in recognised stock exchanges in india" who will be covered under accounting standard 20 ......
Replies (3)

AS-20 IS APPLICABLE ON ALL COMPANIES,

WHERE FROM U GOT THESE WORD

"non corporate entities whose shares are listed in recognised stock exchanges in india"

 

NON CORPORATE ENTITIES NEVER LISTED IN RSE IN INDIA

SME which are level 1 & level 2 enterprises have been relaxed from disclosure requirement of diluted EPS.

am i right sir.plz clarify me

level 1 and level ii enterprises are classified by ICAI however this classification is not applicable to the companies covered by classification made by companies 9 Accounting standared( Rules, 2006.

 

Therefore Level I,II AND III is applicable only non corporate assessee that is partnership firm, society, trust etc.


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