If there confliction between companies act and accounting standard for specific transaction which one prevails AS or Companies Act. pls reply
Menu
As vs co. act
Replies (1)
| Originally posted by : Bimal Bansal | ||
 |
If there confliction between companies act and accounting standard for specific transaction which one prevails AS or Companies Act. pls reply |  |
Accounting standards cannot override the statute.
.
Accordingly, a requirement of an accounting standard is not applicable to the extent it is in conflict with the requirement of the relevant law.
Recent Topics :
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
