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This query is : Resolved
30 March 2013
a company whose accounting year ends on 31 march 2001 has placed order with X ltd for a machine costing 20 lacs against cash payment during june 2001.the company has added a foot note to the balance sheet as at 31 march 2001 showing separetely that a capital contract has been entered into which requires requires the payment of rs. 20 lacs in cash
07 April 2013
There is nothing wrong but why the payment was made in cash and to whom. It it related party. If yes then reporting is required
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13 April 2013
does as-4 events occuring after balance sheet date applicable b cos of the footnote
source ca examination (2000)-4 mark ..what other points could b added sir?
source ca examination (2000)-4 mark ..what other points could b added sir?
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