Dear All,
We are doing Aduit of Pension Fund. Is AS 13 - Accounting for Investment applicable to the said fund ??. Point 2 of the said Standard syas that it does not deal with Investments of Retirement benefit plan.
Please Reply.
Dhiren Chheda (Service) (62 Points)
23 April 2010Dear All,
We are doing Aduit of Pension Fund. Is AS 13 - Accounting for Investment applicable to the said fund ??. Point 2 of the said Standard syas that it does not deal with Investments of Retirement benefit plan.
Please Reply.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 23 April 2010
Dear Dhiren,
AS-15 Accounting for Retirement Benefits is dealt with the pension fund, Not AS-13.
regards,
ratan
Dhiren Chheda
(Service)
(62 Points)
Replied 23 April 2010
Dear Ratan,
Thanks for Fast Reply.
Ya we know that AS - 15 is applicable in our case. During the Year Pension Trust Received Contribution from it's Memeber and same amount is invested in Bonds and FDR. We want to know about Applicability of AS - 13 for Accounting of Investment transaction for Pension Fund Trust.
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 24 April 2010
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