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
06 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
06 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
CAclubindia
