AS 18 - Gross value

[ramya kannan]

Dear All:

Please Clarify How to take the related party transaction amount in
23Ac and 23ACA. How to calculate? In the sense in balance sheet
outstanding balance and in the 23ACA current year balance?

please clarify

thanks and regards

[Usha Ganapathy Subramanian]

Dear Ms Ramya Kannan,

In our firm, we used to follow this method:

In F23AC: Outstanding amount in Balance Sheet, (Eg: Balance in Sundry Drs, S Crs, Unsec. Loans, Investments in Subsidiaries pertaining to related parties) 

In F23ACA: Aggregate value of related party transactions during the financial year for which the form is filed.(Eg. Purchases, sales and similar transactions, managerial remuneration)

Members, pls. correct me if I am wrong.

Regards,

Usha G

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[ramya kannan]

thanks dear usha

regards
ramyakannan
On 25 November 2010 21:32, Usha Ganapathy Subramanian

[vishwanathan rajan]

dear all, the form no 23ac,aca,20b,66,and 23 b are all compact forms.nothing can be added or reduced. they are annual filings.thank you, v.rajan and associates, csp, 10, voc nagar, kovaipudur, coimbatore-641042,2607193.28-11-2010. --- On Fri, 26/11/10, ramya kannan <ramyaka...@gmail.com> wrote: