01 October 2011
Indentify which of the following are current assests a) unabsorbed exp b) shares in reliance c) deferred tax assest ( Comp would make huge losses in the cmg year d) debt divided by equity
03 October 2011
According to me "Shares in Reliance" will form part of Current assets as it can be readily sold in the market. But it all depends upon the intention of the concern whether hold for long term or short term purpose.
CAclubindia
