That depends upon the insurance contracts which is vague even till date despite IndAS and AS and IFRS...This sucks and I’m busy.... Follow your old AS... or... you know what?ill find something for you in AS by tomorrow... man, AS is weaker before IndAS
It is a current asset, loks like I got carried away ..cheers
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
