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INVESTMENTS

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(Querist)
20 September 2010 In investment accounts(format accounts) When the value of investments is less than market value we record the difference in fair value change a/c[DIMINUTION OF INVESTMENTS]. What if the value of investments is greater than market value, where to record for the difference?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 September 2010 Unreaslised gains are never recognised in accounts as per prudence concept.
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Ayyswariya RG

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Ayyswariya RG (Querist)
20 September 2010 THANK U SIR
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