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Valuation of Investment in Trust Books

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(Querist)
03 December 2008 There is a Trust which makes Long Term Investments in MUF.The Company purchases the units at a premium. What is the accounting treatment for the premium paid on purchase of Investment? Should it be added to the Cost of the Investment(AS-13) or should it be amortised over the life of the Investment?Plz reply

Thank U
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 December 2008 Better to follow AS 13.
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MAGESH.G

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MAGESH.G (Querist)
03 December 2008 Is it mandatory as per ICAI or is it prudent to amortise the Premium
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Taranjit Singh

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Taranjit Singh (Expert)
11 October 2009 s this old query still pending, plz send pm.

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