Hi,
Can anybody give me accounting policy for Forward Contracts..We are not following AS-30.
Ankit CA and CS
(Manager - Accounts)
(204 Points)
Replied 11 June 2010
Then follow guidance note on accounting for forward contracts
amit
(Ca final Artical)
(33 Points)
Replied 21 June 2010
as the AS 30 is recommendatory in nature for this year then you may avoide it but for policy aspects you may follow Guidance note issued by ICAI.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)