07 April 2010
How should the adjustment be made in the books of accounts for change in NAV of mutual funds? Can we do it once in a year in march in case of unlisted companies? What would be the effect of such adustment, once in march only, on profit or loss on sale of units if the method of valuation is Weighted average? Please quote the references if related to AS 30, 31 or 32.
CAclubindia
