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AS 30 and AS 31

Sunny (CA Business) (401 Points)

01 January 2008

Is AS 30 and AS 31 applicable to Nov 08 exams?

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Kamaraj Mani. N (Chartered Accountant - Product Manager) (553 Points)
Replied 02 January 2008

This standard comes into effect in respect of accounting periods commencing on or after 1-4-2009 and Mandatory 1-4-2011.

We have only one year to apply the same. So what i feel is, It will be applicable to NOV 08 examination.

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(Guest)

Thanks.. But presently no reference book is containing AS 30 and AS 31..

Kamaraj Mani. N (Chartered Accountant - Product Manager) (553 Points)
Replied 07 January 2008

Sorry dear, I gave a wrong information. Mr. MPV told that this is applicable only from Nov09. So Nov08 people no need to worry about it. Sorry again

suman nvss y (article assitant) (147 Points)
Replied 07 January 2008

DONT WORRY. THESE ACCOUNTING STANDARDS NOT APPLICABLE TO NOVEMBER 2008.

(Guest)

Thank you friends for giving me this important information as I was in total dilemma regarding this two AS.

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AS 30 and AS 31

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