Investment in NPOs/trusts
Atharv Sankliya (1359 Points)
09 February 2023
does AS-13 include investment in NPOs and trusts
4 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 09 February 2023
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.
In my view, investment in NGO & trust does not included in AS-13.
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 10 February 2023
Because there is return on investment
Atharv Sankliya
(1359 Points)
Replied 10 February 2023
Ok and does AS-13 include investment in sec 8 company??
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