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derivative accounting

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2011 Please guide me in respect of Derivative Accounting that for MAY-11, which method is applicable.

Whether a traditional accounting prescribed before introduction of AS-30,31,32 or specific method suggested in AS-30,31,32.
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avdhesh varshney

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avdhesh varshney (Expert)
24 February 2011 only the specific method as per AS 30-31 is accepted and AS 13 has been revoked in respect of stocks and derivatives.
so make a parity with as 30 !

best o luck
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 July 2023 "Sorry, I am not a featured member."

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