Whether AS-1 apply in Companies Liquidation??
This query is : Resolved
10 August 2010
Should there be any specific disclosure under AS-1 in respect of companies under liquidation???
10 August 2010
The very fact that the fundamental accounting assumption of Going Concern is not there in case of the company in liquidation should be disclosed.
10 August 2010
i agree...
As the company discontnue there business for future...
The company should put the note in the note to accounts regarding the going concern,
As the company discontnue there business for future...
The company should put the note in the note to accounts regarding the going concern,
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