Understanding Accounting Standards for Small and Medium Companies in India: A 2025 Guide
Spread the love Introduction Small and Medium Companies (SMCs) form the backbone of India’s economy, and ensuring their financial reporting aligns with regulatory standards is crucial for transparency and growth. The Companies (Accounting Standards) Rules, 2021, notified under the Companies Act, 2013, outline specific Accounting Standards (AS) that SMCs must follow, along with tailored exemptions […]