About the banking Sector
This query is : Resolved
20 May 2008
Hi,
I Want to What is mark to mark? What will be accounting treatment?
Regards
Bhaskar
I Want to What is mark to mark? What will be accounting treatment?
Regards
Bhaskar
21 May 2008
mark to market means valuation of securities held, for sale in short term, on market value as on the date of balance sheet.
suppose u bought a security for rs. 100 on 1 jan and on 31 mar its value is 95, now u have to write off rs 5 in P&L to show security in b.s. at rs. 95 (market value). entry will be, debit to P&L and credit to investment a/c.
suppose u bought a security for rs. 100 on 1 jan and on 31 mar its value is 95, now u have to write off rs 5 in P&L to show security in b.s. at rs. 95 (market value). entry will be, debit to P&L and credit to investment a/c.
03 June 2008
replied
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