30 January 2011
Cash siezed by the authorities should not form part of the assets normally as it will not fall under the category assets as You are not in control of it. However if you have a strong case to prove and are certain that you will get that back, you i think may mention in notes to accounts something like " Cash xxxx has been siezed and not included in the total but co is fighting and is sure to get it back"
CAclubindia
