Disclosures - Loans/Advances to JV(AS 27)
This query is : Resolved
15 July 2008
Hi,
Where shall loans/advances given to Joint ventures be disclosed in the stand -alone Balance Sheet
1) Loan to Jointly controlled entity @ 10% -- As per AS 27 shall it be disclosed under "Current Assets, Loans & Advances" or is it under "Investments" head.
2) Advances to JV Jointly controlled entity --- is it disclosed under under "Current Assets, Loans & Advances" or is it under "Investments" head.
Plz elaborate as per AS 27
How are the above disclosed in sttand-alone balance sheet of the parent company?
Where shall loans/advances given to Joint ventures be disclosed in the stand -alone Balance Sheet
1) Loan to Jointly controlled entity @ 10% -- As per AS 27 shall it be disclosed under "Current Assets, Loans & Advances" or is it under "Investments" head.
2) Advances to JV Jointly controlled entity --- is it disclosed under under "Current Assets, Loans & Advances" or is it under "Investments" head.
Plz elaborate as per AS 27
How are the above disclosed in sttand-alone balance sheet of the parent company?
25 July 2008
It should be shown as loans to jointly controlled entities unders loans and advances.
18 June 2023
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