QUERY: Gross Value of Transaction as per AS-18

[saradhi vijaya]

Dear all,

Can anyone describe what is the gross value of Transaction as per AS-18 for the purpose of mentioning in 23AC & 23ACA for a company?

Thanks,

Saradhi.

--
P Vijaya Saradhi
Be an optimist

[khusboo singhvi]

Dear Saradhi,

Enter value of capital item as on date of BS for transaction with
related parties as per AS-18 in F-23AC and revenue item in F-23ACA.

Pls go through the e-form 23 AC and 23 ACA with instruction kit.

Regards,
Khusboo Singhvi

[saradhi vijaya]

Thanks alot for the clafication.

 

Regards,

Saradhi.

--
You received this message because you are subscribed to the Google Groups "CSChennai" group.
To post to this group, send email to csch...@googlegroups.com.
To unsubscribe from this group, send email to cschennai+...@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/cschennai?hl=en.

[saradhi vijaya]

Thanks alot for the clarification.

 

Regards,

Saradhi.

[Rama Krishna]

Good Evening,

Form 23AC is for Balance Sheet & its Schedules filing & Form 23ACA is for filing of P& L & its Schedules.

For 23Ac - the gross value of transaction with the related parties as per AS-18 will be closing balance of items related to Balance Sheet e.g. Capital, Secured Loan etc while

For 23ACA - it will be the value of Transaction during the year only & not closing balance of items related to P & L A/c e.g. Expenses paid, income from related transaction

Regards,

B.Ramakrishna Rao.

--