The Expert Advisory Committee of the Institute gives opinions on the queries of the members of the Institute relating to accounting and/or auditing principles and allied matters. These opinions of the Expert Advisory Committee are being published in the Compendium of Opinions. The opinions are based on facts and circumstances of the query, as supplied by the querist, as well as the legal position and accounting/auditing principles and practices prevailing as on the date of finalisation of the opinion. The date of finalisation of the opinion is indicated in the Compendium in respect of every opinion. Accordingly, the opinions should be read in the light of any subsequent development in the relevant law or applicable accounting/auditing principles or practices that may have a bearing on the opinion. This volume contains opinions finalised from September, 1984 to September, 1985 and also contains a composite subject-wise index for ready reference to all the opinions published in volumes upto volume V.