Exposure draft of ASLB 23, 'Revenue from Non-Exchange Transactions (Taxes and Transfers)

Last updated: 17 August 2018

The Committee on Accounting Standards for Local Bodies (CASLB) has been formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005. So far, the Committee has issued fifteen ASLBs. Moving forward in this direction, the Committee has finalised the Exposure Draft of ASLB 23,Revenue from Non-Exchange Transactions (Taxes and Transfers). Revenue is one of the key constituents of the financial performance of an entity. The Government receives revenue from both exch
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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