Accounting Standard- 21,23 & 27

This query is : Resolved

Pratibha (Querist)
Follow

03 October 2008 What is the main difference amongst the above mentioned AS?
As AS -21 talks about consolidation of parent and subsidiary.
AS- 23 -deals with Investments in associate
AS - 27 reporting of financial interest in joint ventures.

how to find out whether an entity is a joint venture or associate.
a venturer can have any % of holding in joint venture.
associate means holding of 51% or more and /or control thru Board of directores,
suppose in a entity parent co. is having 50% holding as well as members in board of directors of new entity, investment in such new entity how to be treated i.e. as per AS- 27 or AS- 23.
Please reply this querry.

Thanks & regards,

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

03 October 2008 The difference is clear from the objective.
The definitions are there in the standards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

DURGA TANDEL

6380177036

Vivekanand Sagar

Krishnamohan Gangaraju

kesav

Subscribe Now

Accounting Standard- 21,23 & 27

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

GST CONSULTANCY

Accountant

Article Assistant