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Indian accounting Standards

Sagar Singh
19/06/2017 0 0

Ind AS issued under the supervision of accounting standard board which formed by ICAI(Institute of Chartered Accountant of India) consists of the representative from govt. , professional and officials from other bodies from different sectors.         

      It is an Indian version of IFRS(international financial reporting standard). there is total 36 accounting standard.

      It is applicable to

  • Every Listed Company.
  • Unlisted Companies with Net Worth of not less than 2.5 billion and not more than 5 billion.          
    Indian companies have to follow this standard if this increases the certain limit mentioned above.

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