AS-18 Gross value of transaction

This query is : Resolved

CS ashish shrivastava (Querist)
Follow

11 December 2009 Dear Sir,

I want to know, how can I calculate the gross value of transaction with the related parties as per AS-18 (If applicable) for Filling in E-Form 23AC and 23ACA and what is difference between both Form values.

Thanks
Ashish Shrivastava
C.S.

Jagruti (CS)

Jagruti (CS) (Expert)
Follow

12 December 2009 Form 23AC is for Balance Sheet & its Schedules filing & Form 23ACA is for filing of P& L & its Schedules.

For 23Ac - the gross value of transaction with the related parties as per AS-18 will be closing balance of items related to Balance Sheet e.g. Capital, Secured Loan etc while

For 23ACA - it will be the value of Transaction during the year only & not closing balance of items related to P & L A/c e.g. Expenses paid, income from related transaction....

CS ashish shrivastava

CS ashish shrivastava (Querist)
Follow

19 July 2011 Dear Sir/Madam
Please suggest, can the company change the purpose of IPO after receiving the IPO Proceeds from shareholders
If yes what's the procedure for it

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