Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Investing activities as per AS-3

Atharv Sankliya (1323 Points)

19 May 2022

does equity shares of reliance tata etc is investing activities ?? or cash equivalents ?

Reply
Follow
Share

6 Replies

Kev Men (756 Points)
Replied 19 May 2022

They are investing activity. They are not cash equivalents.

Upgrade to CAclubindia Pro. Subscribe Now!

Eswar Reddy S (CFO- at NHTF) (58263 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

sabyasachi mukherjee (27117 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) (58263 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 ?