where ind As and where As are used
I am not clear about this concept
pls help
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ind As and As
Replies (6)
AS were the older standards which were initially established in India as required for the local standards and accounting practices.AS-ACCOUNTING STANDARDS,CONSIDERED AS THE BASE MODEL FOR LEARNING STANDARDS OF ACCOUNTING.
IND AS Is the convergence of old AS towards global standards of accounting practices
IND AS-INDIAN ACCOUNTING STANDARD which is currently in practice.
IND AS Is the convergence of old AS towards global standards of accounting practices
IND AS-INDIAN ACCOUNTING STANDARD which is currently in practice.
it means I should only the Ind As
not the As because of old format
not the As because of old format
nope...
IND AS AS APPLICABLE HAS A LIMITED SCOPE OF APPLICABILITY TOWARDS COMPANY'S ONLY....
IN OTHER CASES AS IS APPLICABLE
HENCE THE KNOWLEDGE OF BOTH IS APPRECIATED.
IND AS AS APPLICABLE HAS A LIMITED SCOPE OF APPLICABILITY TOWARDS COMPANY'S ONLY....
IN OTHER CASES AS IS APPLICABLE
HENCE THE KNOWLEDGE OF BOTH IS APPRECIATED.
sir it means in the company context I should
only follow the Ind As..
only follow the Ind As..
yes as applicable from 16-17
Check the criteria for applicability of IND AS
If not fullfilling the criteria then continue to apply ASs
If not fullfilling the criteria then continue to apply ASs
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