Financial reporting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2015
MY FIRST QUERY IS: WHEN SHARE APPLICATION MONEY IS PAID TO COMPANY THROUGH BANK THEN IN THE BOOKS OF PAYER OF APPLICATION MONEY BANK ACCOUNT WILL BE CREDIT BUT WHICH ACCOUNT SHOULD BE DEBITED?
2nd - WHAT IS THE MEANING OF "FRAMEWORK FOR PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS" ISSUED BY ICAI? WHY ICAI HAS CONSIDERED NECESSARY TO ISSUE IT?
2nd - WHAT IS THE MEANING OF "FRAMEWORK FOR PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS" ISSUED BY ICAI? WHY ICAI HAS CONSIDERED NECESSARY TO ISSUE IT?
Amol S Joglekar
(Expert)
11 June 2015
01. in the books of payer it appears as INVESTMENT.
02.In order to obtain unanimity and harmony among the financial statements of different entities, the frame work is issued.
02.In order to obtain unanimity and harmony among the financial statements of different entities, the frame work is issued.
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