As per AS 20 if shares are issued for no consideration (without any change in resources then restatement of EPS should be made for all reporting periods. What exactly constitutes the term resources/ consideration? Does it only mean items like cash, asset, conversion of debt and so on, where there is a apparent change in resources? If shares are issued by a company for services rendered to them then whether restatement is required in such a case or can the services rendered be considered as adequate consideration?
Menu
AS 20
Replies (1)
Dear Mayuri,
Shares issued against services rendered amts to share issued for adequate consideration and will not require restatement of EPS of earlier reporting period.
Thanx & Regards
Hitesh
Recent Topics :
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
Related Topics :
CAclubindia
