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'Accounts in line with generally accepted standards'

'Accounts in line with generally accepted standards'

Tuesday, April 11, 2017, 6:52 PM

Air India is preparing its accounts in line with the generally accepted accounting principles and standards, Minister of State for Civil Aviation Jayant Sinha said. This follows Air India disputing CAG audit with regard to non-provisioning of depreciation on some planes. The minister said the airline had a difference of opinion with the CAG audit on the non-provision of depreciation on account of nine aircraft sale.
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