Disclosures - Loans/Advances to JV(AS 27)
This query is : Resolved
15 July 2008
Hi,
Where shall loans/advances given to Joint ventures be disclosed in the stand -alone Balance Sheet
1) Loan to Jointly controlled entity @ 10% -- As per AS 27 shall it be disclosed under "Current Assets, Loans & Advances" or is it under "Investments" head.
2) Advances to JV Jointly controlled entity --- is it disclosed under under "Current Assets, Loans & Advances" or is it under "Investments" head.
Plz elaborate as per AS 27
How are the above disclosed in sttand-alone balance sheet of the parent company?
Where shall loans/advances given to Joint ventures be disclosed in the stand -alone Balance Sheet
1) Loan to Jointly controlled entity @ 10% -- As per AS 27 shall it be disclosed under "Current Assets, Loans & Advances" or is it under "Investments" head.
2) Advances to JV Jointly controlled entity --- is it disclosed under under "Current Assets, Loans & Advances" or is it under "Investments" head.
Plz elaborate as per AS 27
How are the above disclosed in sttand-alone balance sheet of the parent company?
25 July 2008
It should be shown as loans to jointly controlled entities unders loans and advances.
18 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
