05-06-2003, 05:32 AM
so now u get it that the benchmark treatment of ISA 7 is direct
method n not indirect....now the reason why most ppl use the allowed
alternative is that there r information which the management doesnt
want to share with the outsiders..ie list of debtors n other things
n direct method reveals all that stuff....so they avoid direct method
n use indirect instead.....
regards,