exam
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2011
amendments till what date to be considered in accounts this may
is pref. shar. cap. treated as liability
and what about ifrs are they completely in command and what abt as
.............................
and in taxation what amendments till what date to be prepared
.......
is pref. shar. cap. treated as liability
and what about ifrs are they completely in command and what abt as
.............................
and in taxation what amendments till what date to be prepared
.......
05 February 2011
You have to be updated by latest change.
No prefrence share is not treated as liability.
About IFRS, you just read AS 30.
Taxation - Amendment up to Budget 2010.
No prefrence share is not treated as liability.
About IFRS, you just read AS 30.
Taxation - Amendment up to Budget 2010.
CA Ravi Sisodia
(Expert)
05 February 2011
as per accounting standards - 30 & 31 , two category are their. first is equity and secound is liability.
fixed cost bearing items are considered as liability. so preferense share capital is also have fixed dividend rates so pref. share capital will be included in liability.
fixed cost bearing items are considered as liability. so preferense share capital is also have fixed dividend rates so pref. share capital will be included in liability.
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