I have long since completed my CA Exams and thought it fit for a new discussion in the ACCOUNTS forum. I have not posted it on the Students forum. And further while studying for exams dont restrict yourself to Exam-Point of view study rather do an Exam-Oriented Study .......... there is a vast difference. I should think if you add this to some of your answers it would only help you and a little extra knowledge hurt no one. Also there are many areas on which there are no Accounting Standards applicable in India for eg Agricultural Income which is a major source of Income to most people in the country.
Any further information and dicussion is welcome.
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