Sir
Please confirm me whether Balance With Revenue Authorities is covered under the meaning of Financial Asset for NBFC as per AS 26... Thanks in Advance
Rohit Khaitan (Learning from Life) (127 Points)
08 February 2013Sir
Please confirm me whether Balance With Revenue Authorities is covered under the meaning of Financial Asset for NBFC as per AS 26... Thanks in Advance
Deepak Baghel
(Accountant)
(74 Points)
Replied 08 February 2013
Sir,
In my view it should not come into Fincial Assets. It Should gruped into Non Current Assests as Loan & Advances.
Please ignore if i am not correct.
Thanks
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