Natesh (CA Practice ) (71 Points)
29 April 2008CLARIFICATION REQUIRED REGARDING PVT COMPANY HAS HYPOTHECATED THE VEHICLE AND LOAN HAVE BEEN TAKEN AND MONTHLY REPAYMENT HAVE BEEN REGULARLY DEPOSITED
MY QUERY IS WHETHER DISCLOSURE IS REQUIRED TO BE MADE IN ACCOUNTING STANDARD OF LEASES OR
WHETHER IT IS NOT APPLICABLE 
HARIRAM
(Chartered Accountant)
(55 Points)
Replied 29 April 2008
Yes of course. This will be covered under AS-19 and the disclosure aspect needs to be presented.
CAclubindia
