I would like to get an additional clarification. Whether this type of current investment of unquoted shares in subsidiary can be considered for calculating net working capital?
I would like to get an additional clarification. Whether this type of current investment of unquoted shares in subsidiary can be considered for calculating net working capital?
Being a current asset, very much it can be considered for calculating Current Ratio or Net Working Capital.
However, I would like to share that as per Revised Sch VI, there is no need to calculate net working capital since NOW both current assets and current liabilities will apper separately in Bal Sheet and shall NOT be netted off.
T R SOOD & CO
New Delhi
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
