Intagible assets given as collateral securtiy
This query is : Resolved
sruti gupta
(Querist)
08 June 2013
Co. A ltd. has given its trademark as a collateral security against a loan taken by Co. B Ltd.
Such security given by Co. B will be reflected under which head in the Notes to accounts of Company B.
Plz Clarify
Such security given by Co. B will be reflected under which head in the Notes to accounts of Company B.
Plz Clarify
CA Sripal Jain
(Expert)
18 June 2013
Any collateral security given must be disclsoedi n notes to accounts
sruti gupta
(Querist)
18 June 2013
Yes, Sir it is required to be disclosed in the Notes to the Accounts but under what head
CA Sripal Jain
(Expert)
18 June 2013
there is no head for notes to accounts,its an explanation ,kindly read few annual reports,how is notes to accounts drafted
sruti gupta
(Querist)
25 June 2013
There is Sir, either such disclosure is to be made under AS 26 or AS 29, I am still awaiting a reply to this query
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