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Accounting Standards

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Compendium ofAccounting Standards ( Accounting Standards as on July 1, 2017 )The Institute of Chartered Accountants of IndiaNew Delhi The Institute of Chartered Accountants of IndiaAll rights reserved. No part of this publication may be reproduced, storedin a retrieval system, or transmitted, in any form, or by any means,electronic, mechanical, photocopying, recording, or otherwise withoutprior permission, in writing, from the of Publication:2017Committee/Department:Acc ounting Standards 650/- (with CD)ISBN:978-81-88437-90-0Published by:The Publication Department on behalf ofthe Institute of Chartered Accountants ofIndia, ICAI Bhawan, Post Box No. 7100,Indraprastha Marg, New Delhi - 110 by:Sahitya Bhawan Publications, HospitalRoad, Agra - 282 ,000 CopiesForewordFinancial statements are intended to meet common information needs of awide range of users including shareholders, bankers, potential investors,creditors, regulators and public at large.

version of the Compendium of Accounting Standards as on July 1, 2017 in the interest of prepares and auditors of financial statements. I would like to congratulate CA. S. B. Zaware, Chairman, Accounting Standards Board, CA. M.P. Vijay Kumar, Vice-Chairman, Accounting Standards Board and other members of the Board who have contributed

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