Praveen (Service) (29 Points)
27 November 2008
Dear All
in the Form 23AC and Form 23ACA while filing the annual return of a public ltd unlisted company, i need to fill amount in a colum asking GROSS VALUE OF THE TRANSATIONS AS PER AS-18. (i.e. RELATED PARTY TRANSATIONS).
My audited balance sheet have several amount in this colum.
please suggest for the proper amount to be filled in the relevent form 23 AC and 23 ACA.
With Thanks
CS Praveen Soni
94209 12345
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 27 November 2008
I too am interested in knowing the solution 2 the above query.
| Originally posted by :PRABEER SARKAR | ||
| " |
Related Party Transactions amount to b taken in toto from the Audited Accounts. However, it shall b ensured that BS related amount b mentioned in 23ACA whereas P&L related amount in ACA. For Ex: Amount of Debentures issud to the related party can b shown in BS whereas Interest paid thereon in ACA as it related to the P&L. Contrary views are always invited. |
" |
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 27 November 2008
Enter The Total Of That Schedule.
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 27 November 2008
Also See The Whether it is applicable to ur enterprise or not.
Praveen
(Service)
(29 Points)
Replied 29 November 2008
| Originally posted by :Nitin Wadhwani | ||
| " | Enter The Total Of That Schedule. | " |
Dear Nitin
i do feel my self agree with the suggestion of Ad. Pankaj Shah as below.
Related Party Transactions amount to b taken in toto from the Audited Accounts. However, it shall b ensured that BS related amount b mentioned in 23ACA whereas P&L related amount in ACA. For Ex: Amount of Debentures issud to the related party can b shown in BS whereas Interest paid thereon in ACA as it related to the P&L.
Contrary views are always invited.
Plz
CS Praveen Soni
CAclubindia
