Intagible assets given as collateral securtiy

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sruti gupta (Querist)
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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

CA Sripal Jain

CA Sripal Jain (Expert)
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18 June 2013 Any collateral security given must be disclsoedi n notes to accounts

sruti gupta

sruti gupta (Querist)
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18 June 2013 Yes, Sir it is required to be disclosed in the Notes to the Accounts but under what head

CA Sripal Jain

CA Sripal Jain (Expert)
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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

sruti gupta (Querist)
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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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