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What's the difference between AS and Framework for FS What's the difference between General purpose FS and Special purpose FS

vidhya senthilkumar

CA Inter

★ 695

22-Nov-23 13:56

382

Answers (2)

Framework is like general principle. AS are maded based on framework. General purpose - Used by everyone - Annual financial statements. Special purpose - for specific purpose - say financial statements for listing purpose or tax purpose.

CA Suraj Lakhotia

Admin

22-Nov-23 16:15

Thank you sir😇

Thread Starter

vidhya senthilkumar

CA Inter

★ 695

22-Nov-23 17:28

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