| Originally posted by : Rohit Kapoor | ||
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how to bookmark a page??? pls someone reply |
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Bro......... pls see right side at the top beside the logout option in ur screen, u see d Star Sign......... click on it ........... dis page will be bookmark by clicking on submit button................. try it................
Ashima jain
("ALWAYS LEARNING")
(140 Points)
Replied 10 October 2012
simply outstanding!!!!!!!
really awesome!!!!!!
please keep sharing
CA.Vinita Gupta
(Deputy Manager- Finance)
(2923 Points)
Replied 10 October 2012
Very Good Presentation Mr. Sanyam, Keep it up
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114220 Points)
Replied 10 October 2012
Nice Write Up...
Chitra Alagappan
(BCOM., CA Final)
(464 Points)
Replied 10 October 2012
Very Valuable Article Sanyam Sir. Thanks for Sharing.
CA NISHANT SAURABH
(cs)
(457 Points)
Replied 10 October 2012
Superb article..... keep it up.........
Abha gupta
(student (cs final/ trainee))
(216 Points)
Replied 10 October 2012
its good............
w8ing for more.......
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 10 October 2012
good way of explainning and interpretation...keep it up...
Hardik Dave
(IPCC and CS Professional(FINAL) Student)
(15533 Points)
Replied 10 October 2012
ananya
(know thyself)
(930 Points)
Replied 10 October 2012
| Originally posted by : Chitra Alagappan | ||
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Very Valuable Article Sanyam Sir. Thanks for Sharing. |
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Vivek Hebbar
(Partner)
(406 Points)
Replied 11 October 2012
Dear Abhinandan Jain
You have raised a very relevant query. According to the definition of "Investments" in AS-13 and the "Guidance Note on Terms Used in Financial Statements", Investments are assets held by an enterprise for earning income by way of dividends, interest, and rentals, for capital appreciation, or for other benefits to the investing enterprise. Thus, bank FD can fall under the category of investments.
Further, the newly notified Schedule VI (termed as Revised Schedule VI) gives preference of Accounting Standards over Schedule VI requirements.
In my opinion, Bank FD with more than 3 months but less than 12 months maturity should be treated as current investments. Bank FDs with more than 12 months maturity should be treated as non-current investments.
Bank FDs with less than 3 months maturity come within the definition of "Cash Equivalents" as per AS-3 and hence will have to be categorised as cash equivalents.
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