Hello everyone, while going through the preface of accounting standards issued by ICAI i have come across the word "enterprise" in para 3.3. the paragraph says that AS is applicable on every enterprise engaged in comercial activity whether profit oriented or not.
my question is what is a "enterprise"
and does a trust comes under the defination of enterprise
cheers
ganesh agarwala
Read the attached document fully, I hope you will get an idea for your query.
dear brother krishna,
i have already gone through what u have posted but the fundamental question is about the defination of "enterprise" as per accounting standards
cheers
ganesh agarwala
Varma Raja & Associates
Thrissur
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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CCI
Pro
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