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valuation of Stock (Shares) & Accrued Interest

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25 March 2009 Dear Sir,

If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?

Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?



25 March 2009 1. Stock should be valued at cost or market price w.e. is less.

2. Interest income will be shown after gross up i.e. interest received + TDS, which is called Gross Interest.



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