As-25
This query is : Resolved
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.
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