Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Financial Statements Analysis Indian Accounting Standards and IFRS
The accounting standard AS3 (Revised) has become mandatory w.e.f. accounting periods beginning from 01-04-2001 for which of the following enterprise?
1
Commercial, industrial and business reporting enterprises whose turnover for the accounting period exceeds Rs. 50 crores.
2
Enterprises whose debt or equity securities are not listed on a recognised stock exchange.
3
All enterprises whose turnover exceeds Rs. 2 crores.
4
Only banking and insurance