AS 19

AS 1001 views 1 replies

CLARIFICATION 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

Replies (1)

Yes of course. This will be covered under AS-19 and the disclosure aspect  needs to be presented.


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