As an auditor you came across a situation where related party transactions have taken place. Which AS deals with it?
Related party transactions are covered under Accounting Standard (AS) 18, which is titled "Related Party Disclosures." AS 18 provides guidelines for identifying and disclosing transactions between an entity and its related parties in the financial statements. The standard outlines the definitions of related parties and the disclosures that need to be made in the financial statements to ensure transparency and proper representation of the financial position and performance of the entity.
Dholavira is situated at the bank of River:
In which accounts “Patents & Copy Rights A/c” can be classified?
Who among the following Speakers of Lok Sabha formally disassociated from the political party after his election as the Speaker?
A registered trade union can change its name with the prior consent of:
The tilt of the earth’s rotation relative to the ecliptic as earth revolves around the sun
A. The varying amount of sunspot activity
B. ...
Working alone, B can complete the work in 16 days. C is twice as efficient as B and A takes 4 days more than it takes C to complete the work. Working to...
Which shortcut key combination is used to close the active window or program?
Consider the following statements about the Constituent Assembly:
1. The first demand from Indian National Congress for the Constituent Assembly ...
'Dance to Decarbonise'event was recently organised by which ministry?
Which of the following is/are true about Joint Management Council?
I. It was established in 1958
II. ...