ICAI-AS

As is applicable to them.... According to their nature of work

isn't there any list of name/Sr# of AS with Nature of work?

Every AS IS Specific... Like AS 2&10 Applicable to all business generally.... But AS 11 applicable only in case of foreign exchange transaction... As 12 in case of government grant... AS 13 in case of investment... AS 14 in case of amalgamation... So how anyone could say list of AS applicable to u.... It is identified upon ur nature of business activity

Means, Primarily every ICAI-AS is applicable to Sole Proprietorship Concerns and ultimately to apply to or not will depend upon whether they have transacted in that particular nature of work or not.

am I correct?

Yup.... As is applicable to all proprietorship and partner ship firm or society huf....