Category: ACCOUNTS

Introduction Two Set of accounting standards were notified by the Ministry of Corporate Affairs of India for companies. Existing Accounting Standards under Companies (Accounting Standards) Rule 2006 Indian accounting Standards (Ind AS) companies specified in rule 4 of (Indian accounting standard) rules 2015 Click Here to understand …

Applicability of Accounting Standards Indian Accounting Standards (Ind AS) shall be the accounting standards applicable to classes of companies specified in rule 4 of (Indian accounting standard) rules 2015 The Accounting standards of the Companies (Accounting Standards) Rules, 2006 shall be the Accounting Standards applicable to …