As-25
This query is : Resolved
Souvik Kumar Ghosh
(Querist)
28 May 2012
Can you please explain meaning of the term 'Condensed Financial Statements' as per AS-25.
Regards
Regards
29 May 2012
Condensed FS provide for minimum disclosure requirements as compared to Complete Annaul Financial Statements.
Many notes are not required in Condensed FS such as production numbers, CIF value of imports, FOB value of exports, Auditors remuneration, etc....
Thus entities have a breather while submitted interim financial statements.
Many notes are not required in Condensed FS such as production numbers, CIF value of imports, FOB value of exports, Auditors remuneration, etc....
Thus entities have a breather while submitted interim financial statements.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
