Investing activities as per AS-3
Atharv Sankliya (1354 Points)
19 May 2022
does equity shares of reliance tata etc is investing activities ?? or cash equivalents ?
6 Replies
Kev Men
(788 Points)
Replied 19 May 2022
They are investing activity. They are not cash equivalents.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 20 May 2022
If investing activity is carried out from business then only AS-3 or 13 comes into picture..
If investment is done in your personal capacity then it's not form part of balance sheet
If investment is done in your personal capacity then it's not form part of balance sheet
sabyasachi mukherjee
(27574 Points)
Replied 20 May 2022
ANY INVESTMENTS DONE IS AS PER GUIDELINES BY NORMS OR POLICIES OF THAT COMPANY BUT ACCOUNTING IS STRICTLY AS PER GUIDELINES OF ACCOUNTING STANDARDS AND ACCOUNTING CONVENTION AS PER ICAI.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 20 May 2022
When accounting is not required then accounting standards have no relevance.
Do a salaried employee have investments in equity, Is there any relevance of Accounting Standards ?
Do a salaried employee have investments in equity, Is there any relevance of Accounting Standards ?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 20 May 2022
Then you have to route it through capital gains only
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