AS 13

Accountancy

In AS 13 scope, it is mentioned that this standard is not applicable for Mutual funds. But , In dec exam, there is a question pertaining to mutual funds investment. In suggested answers, they have treated it as investment and proceeded. whether should i consider it as investment or not ? anyone

vs navin

CA Final

★ 1K+

15-Apr-22 11:33

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Answers (1)

It is not applicable for Mutual Fund accounting i.e when a mutual fund prepares its accounts. But when an entity purchases mutual funds units then itâ??s applicable

CA Suraj Lakhotia

Admin

15-Apr-22 11:47

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AS 13

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