Accounting standard

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2012 in which AS investment in equity dealt with?
AS 13 or AS 30? Had investment in equity part in AS 13 withdrawn?

CA Sripal Jain

CA Sripal Jain (Expert)
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05 July 2012 yes its withdrwan and is now covered under AS-30,31,32

Querist : Anonymous

Querist : Anonymous (Querist)

10 July 2012 but sir in the RTP by ICAI for may 2012 exam it was published that from 1/4/2011 onwards in case of entities to which INDAS not applicable the status of AS 30 will be " To the extent of accounting treatment covered by any of the existing AS the existing AS would continue to prevail over AS 30" so in that case where investment in equity would be dealt???