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Thread: Accounting Standard (AS) 06 - Depreciation Accounting

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    Accounting Standards
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    Accounting Standard (AS) 06 - Depreciation Accounting notified by NACAS

    AS-1 notified by NACAS (National Advisory Committee on Accounting Standards) is same as Accounting Standard (AS) 6 Depreciation Accounting issued by ICAI as:

    http://www.knowledgebible.com/forum/...ion-Accounting

    Except for one place -

    As per Accounting Standard 6 notified by NACAS
    In para 1 specifing items to which this Standard do not apply and special considerations apply
    point (iv) goodwill and other intangible assets

    Whereas,

    As per Accounting Standard 6 issued by ICAI
    It mentions Goodwill only

    Accounting Standard 6 notified by NACAS as attached:


    Attached Files Attached Files
    Last edited by Accounting Standards; 27-03-2010 at 12:02 PM.

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