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BRILLIANT’S Accounting Standards 57

According to this AS, tax on income is Bg AS Ho$ AZwgma BÝH$_ na Q>¡Šg H$mo EH«y$Ab
determined on the principle of accrual concept. AdYmaUm Ho$ {gÕm§V na {ZYm©[aV {H$`m OmVm h¡& Bg
As per this concept, tax should be accounted in AdYmaUm H$o AZwgma Q>¡Šg H$mo Cg Ad{Y _| AH$mC§Q> _|
the period in which corresponding revenue and {b`m OmZm Mm{hE {OZ_| g§~§{YV amOñd VWm ì`` H$mo
expenses are accounted. AH$mC§Q> _| {b`m J`m h¡&
Scope: This standard should be applied joÌ… `h>ñQ>¢S>S>© BÝH$_ na Q>¡Šgog Ho$ {bE AH$mC§{Q>§J
in accounting for taxes on income. This includes _| bmJy {H$`m OmZm Mm{hE& `h EH$ AH$mC§qQ>J nr[a`S> Ho$
the determination of the amount of the expense g~§Y _| BÝH$_ na Q>¡Šg go g§~§{YV ì`` `m ~MV H$s
or saving related to taxes on income in respect
of an accounting period and the disclosure of am{e VWm \$m`Z|{e`b ñQ>oQ>_|Q²>g _| Eogr am{e Ho$ {S>ñŠbmoOa
such an amount in the financial statements. H$m {ZYm©aU H$aZm gpå_{bV H$aVm h¡&
AS-23: Accounting for Investments in As- AS-23: H§$gmo{bS>oQ>oS> \$m`Z|{e`b ñQ>oQ>_|Q²>g _|
sociates in Consolidated Financial Egmo{gEQ²>g _| B§doñQ>_|Q²>g Ho$ {bE AH$mC§qQ>J
Statements.
Objective: The objective of the standard is CÔoí`… Bg ñQ>¢S>S>© H$m CÔoí` EH$ g_yh H$s \$m`Z|{e`b
to set out principles and procedures for nmo[OeZ VWm Am°naoqQ>J [aOëQ²>g Ho$ g§~§Y _| H§$gmo{bS>oQ>oS>
recognising, in the consolidated financial
\$m`Z|{e`b ñQ>oQ>_|Q²>g _|, B§doñQ>_|Q²>g Ho$ à^md H$mo nhMmZZo
statements, the effect of the investments in
associates on the financial position and Ho$ {bE {gÕm§Vm| VWm à{H«$`mAm| H$m {ZYm©aU H$aZm h¡&
operating results of a group.
Scope: This standard should be applied joÌ… `h ñQ>¢S>S>© EH$ {ZdoeH$ Ûmam H§$gmo{bS>oQ>oS>
in accounting for investments in associates in \$m`Z|{e`b ñQ>oQ>_|Q²>g H$mo V¡`ma VWm àñVwV H$aZo Ho$
the preparation and presentation of
consolidated financial statements by an g§~§Y _| B§doñQ>_|Q²>g Ho$ {bE AH$mC§qQ>J _| bmJy {H$`m OmZm
investor. Mm{hE&
AS-24: Discontinuing Operations AS-24: {S>gH§$Q>rÝ`yB§J Am°naoe§g
Objective: To establish principles for CÔoí`… ''{S>gH§$Q>rÝ`yB§J Am°naoe§g'' Ho g§~§Y _|
reporting information about "discontinuing gyMZm H$s [anmo{Q>ªJ Ho$ {bE {gÕm§Vm| H$s ñWmnZm H$aZm,
operations", there by enhancing the ability of
{OgHo$ Ûmam {S>gH§$Q>rÝ`yB§J Am°naoe§g Ho$ ~mao _| gyMZm go
users of financial statements to make
projections of an enterprise's cash flows, income {S>gH§$Q>rÝ`yB§J Am°naoe§g Ho$ ~mao _| EJ«rJoqQ>J gyMZm Ho$ EH$
- generating capacity and financial position of à{Vð>mZ Ho$ H¡$e âbmo, BZH$‘-OZaoqQ>J H¡$no{gQ>r H$m AZw_mZ
segregating information about discontinuing
operations from information about continuing H$aZo Ho$ {bE \$m`Z|{eb ñQ>oQ>_|Q²>g Ho$ `yOg© H$s `mo½`Vm
operations and its effect on the financial ~‹T>mZm h¡ Am¡a BgH$m à^md ’$m¶Z|{e¶b nmo{OeZ na h¡&
position.
Scope: This standard covers "discontinu- ñH$mon… `h ñQ>¢S>S>© '{S>gH§$Q>rÝ`yB§J Am°naoe§g'
ing operations" rather than "discontinued gpå_{bV H$aVm h¡ Z {H$ '{S>gH§$Q>rÝ`yS> Am°naoe§g'&
operations".