AS 3 shall not apply to small and medium company (SMC) if it is a :

CS Executive · Corporate and Management Accounting · PYQS · December 2022
AS 3 shall not apply to small and medium company (SMC) if it is a :
(A) One Person Company
(B) Dormant Company
(C) Small Company
(D) All of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Accounting Standards

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