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Investment in NPOs/trusts

Atharv Sankliya (1323 Points)

09 February 2023

does AS-13 include investment in NPOs and trusts

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CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 09 February 2023

AS 13 deals with accounting for investments made by an enterprise in another enterprise and the disclosure of such investments in the financial statements.

In my view, investment in NGO & trust does not included in AS-13.

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Atharv Sankliya (1323 Points)
Replied 10 February 2023

Why ?

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CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 10 February 2023

Because there is return on investment

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Atharv Sankliya (1323 Points)
Replied 10 February 2023

Ok and does AS-13 include investment in sec 8 company??

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