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AS 18

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2010 Hi

If there is a Indian Company subsidiary of a foreign company and it has granted advances to another subsidiary of the holding company. There is no turnover in the Company. Would this transaction covered under AS- 18?
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Rasesh

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Rasesh (Expert)
11 June 2010 In my view Yes, it would be covered under AS-18.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2010 hi

Rasesh Its great!!

Thanks
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