This discussion explores whether Accounting Standard (AS) 13, which covers investments, applies to investments made in Non-Profit Organisations (NPOs) and trusts. The consensus is that AS 13 typically deals with investments in other enterprises where a return is expected, and therefore may not encompass investments in NPOs or trusts. The query extends to whether investments in Section 8 companies are included under AS 13.
AS 13 deals with accounting for investments made by an enterprise in another enterprise and the disclosure of such investments in the financial statements.
In my view, investment in NGO & trust does not included in AS-13.