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AS for Non profit organizations

Accountancy

Does AS and Ind AS are applicable to the Non-Profit organizations irrespective of their Turnover ?

Avasarala Vivek Aditya

CA Inter

★ 6K+

06-Aug-22 15:12

114

Answers (7)

Best Answer

https://www.education.gov.in/sites/upload_files/mhrd/files/Report_IASEI.pdf

Suraj Lakhotia

Admin

06-Aug-22 15:30

Yes if they are into business, industry, commercial activities.

Suraj Lakhotia

Admin

06-Aug-22 15:17

Sir, for educational societies ? They don't have to follow AS ?

Thread Starter

Avasarala Vivek Aditya

CA Inter

★ 6K+

06-Aug-22 15:19

Yes.

Suraj Lakhotia

Admin

06-Aug-22 15:30

Suraj Lakhotia Admin

https://www.education.gov.in/sites/upload_files/mhrd/files/Report_IASEI.pdf

Thank you so much Sir

Thread Starter

Avasarala Vivek Aditya

CA Inter

★ 6K+

06-Aug-22 15:34

Dont spend too much time in understanding the document. Just go through recommendations

Suraj Lakhotia

Admin

06-Aug-22 15:38

Suraj Lakhotia Admin

Dont spend too much time in understanding the document. Just go through recommendations

Okay Sir

Thread Starter

Avasarala Vivek Aditya

CA Inter

★ 6K+

06-Aug-22 15:45

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