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Investing activities as per AS-3

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1359 Points Posted on 19 May 2022
does equity shares of reliance tata etc is investing activities ?? or cash equivalents ?
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On 19 May 2022 at 22:45 Report
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790 Points Posted on 19 May 2022
They are investing activity. They are not cash equivalents.
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On 19 May 2022 at 23:21
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CFO- at NHTF
58280 Points Posted on 20 May 2022
If investing activity is carried out from business then only AS-3 or 13 comes into picture..

If investment is done in your personal capacity then it's not form part of balance sheet
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On 20 May 2022 at 00:00
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Profession Business
28207 Points Posted on 20 May 2022
ANY INVESTMENTS DONE IS AS PER GUIDELINES BY NORMS OR POLICIES OF THAT COMPANY BUT ACCOUNTING IS STRICTLY AS PER GUIDELINES OF ACCOUNTING STANDARDS AND ACCOUNTING CONVENTION AS PER ICAI.
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On 20 May 2022 at 08:58
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CFO- at NHTF
58280 Points Posted on 20 May 2022
When accounting is not required then accounting standards have no relevance.

Do a salaried employee have investments in equity, Is there any relevance of Accounting Standards ?
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On 20 May 2022 at 09:07
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1359 Points Posted on 20 May 2022
No business has a investment in this share ..
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On 20 May 2022 at 12:16
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CFO- at NHTF
58280 Points Posted on 20 May 2022
Then you have to route it through capital gains only
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On 20 May 2022 at 12:23


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