Hi All
Plz tell me Financial Accounting Standard No. 5 and please tell me what are the applicable requirements of statement Financial Accounting Standard No. 5
Thx
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FAS / PLZ HELP
Replies (3)
Yaar you always ask the queries whose answer is not wid me...thats why you re a lawyer....do tell me too what's it all about..
COMPLIANCE WITH ACCOUNTING STANDARDS (AS) ISSUED BY THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA.
a) Accounting Standard AS-5 - Net Profit or Loss for the Period, Prior
Period Items and Changes in Accounting Policies:
As Prior period items are not material, the same have been charged/accounted for in respective head of accounts.
a) Accounting Standard AS-5 - Net Profit or Loss for the Period, Prior
Period Items and Changes in Accounting Policies:
As Prior period items are not material, the same have been charged/accounted for in respective head of accounts.
ooh so dat was Accounting standard....i was thinking that financial accounting standard is something else.....dats it...anyways thanks...
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