Non-corporate entities which are not Level I entities whose turnover (excluding other income) exceeds rupees ------ but does not exceed rupees two-fifty crores in the immediately preceding accounting year are classified as Level II entities.
The following Accounting Standard is not applicable to Non-Corporate Entities falling in Level II in its entirety.
All non-corporate entities engaged in commercial, industrial or business activities having borrowings (including public deposits) in excess of rupees two crores but does not exceed rupees ten crores at any time during the immediately preceding accounting year.
One of the eligibility criteria for classification of non-corporate entities as Level II is that all commercial, industrial and business activities , whose turnover (excluding other income) exceeds
Which of the following accounting standards is not applicable to Level II and Level III non-corporate entities in their entirety?
The following Accounting Standard is not applicable to Non-corporate Entities falling in Level II in its entirety
Non-corporate entities which are not Level I entities whose turnover (excluding other income) exceeds rupees but does not exceed rupees two-fifty crores in the immediately preceding accounting year are classified as Level II entities.
“Small and Medium Sized Company” (SMC) means, a company-