Question
As an auditor you came across a situation where related
party transactions have taken place. Which AS deals with it?Solution
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.Â
 International Institute of Tropical Agriculture is situated atÂ
Edible part of Saffron is ____
Income elasticity of inferior goods is ........................?
While recommending price policy of various commodities under its mandate, the Commission keeps in mind ____
An advance form of organizational design is .............................?
Which mineral is a primary component of limestone?
Which of the following statements is/are true about soil pH?
Statement A: Acidic soils have a pH value below 7, indicating high alkalinity.
<...Quiescent centre is found in plants at
Training of Rural Youth for Self Employment (TRYSEM) was launched in the year
How many factors have been identified for influencing plant growth up till now?
