Accounting standards students discussion

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Hello CCI Friends....

I want to start a Forum Thread where we can share and discuss various cases studies regarding Accounting Standards which is backbone for our CA course...

Please post your doubts, clarifications, dicussions, explanations, ideas etc. here...

All the members interested can participate...

All are Welcome..

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On 19 January 2013 at 11:59 Report
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student
706 Points Joined July 2009
Good idea. Sure lets make use of this.
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On 19 January 2013 at 12:41
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Originally posted by : RAVI TEJA S
Good idea. Sure lets make use of this.

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On 19 January 2013 at 12:46
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Friends I seen this problem in DS. Rawat sir's book:

A Computer software development company has given counter- guarntees for Rs. 75,50,000 to various banks in respect of guarantees given by the banks in favour of Government authorities.

The counter guarantees outstanding at the year end were for Rs. 72,25,000.

How do you disclose this information in the financial settlement of the company?

Answer (No disclosure)

My doubt is "Why is it like that?"

Can anyone explain...

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On 19 January 2013 at 17:09
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Accountant
108 Points Joined May 2011

Good idea. very helpful to students. all must take part................

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On 19 January 2013 at 18:14
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Dear CCI Friends...

 

I have posted a file (note on AS 22)

Please go through it and comment if you like it or not.

Heres the link

/share_files/notes-on-as-22-53968.asp#.UP0KuB2KJj4

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On 21 January 2013 at 15:19


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