accounting standard 13
This query is : Resolved
21 August 2008
Dear sir
I have read that in the valuation of current investments, if market price of the investment is increased subsequently
profits can be reversed if it was reduced due to lower market price than the cost.
I want to know how can there be any subsequent valuation of current investment as curent investments are only held for a period of one year and valuation can only be done on the balance sheet date
Please anyone clarify
I have read that in the valuation of current investments, if market price of the investment is increased subsequently
profits can be reversed if it was reduced due to lower market price than the cost.
I want to know how can there be any subsequent valuation of current investment as curent investments are only held for a period of one year and valuation can only be done on the balance sheet date
Please anyone clarify
21 August 2008
You can Take Realised Profit/Loss on sale of Investments
and Valuate the Closing Stock at Cost or Market Price Whichever is Lower
and Valuate the Closing Stock at Cost or Market Price Whichever is Lower
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