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Accounting treatment

Dhanraj (CA Final) (561 Points)

06 December 2009

Hi friends,

Pleas explain the accounting treatment for 'realized / unrealized gain from disposal / holding of non-current assets' as per relevant accounting standards

Thanks

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2 Replies

CA Vichitra Trivedi (Job) (40 Points)
Replied 06 December 2009

Realised Gain means which is accrued/ earned or received in cash or its equivalent. In case of company it is available for issue of bonus shares and distribution of divdend, if Article of Assosiation permits.

Unrealised Gain includes gains from revaluation of asset. It is not available for distribution of dividend. Bonus shares cannot be issued out of revaluation reserve.

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Ansari (ca final) (444 Points)
Replied 06 December 2009

Originally posted by :vichitra trivedi
"	Realised Gain means which is accrued/ earned or received in cash or its equivalent. In case of company it is available for issue of bonus shares and distribution of divdend, if Article of Assosiation permits. Unrealised Gain includes gains from revaluation of asset. It is not available for distribution of dividend. Bonus shares cannot be issued out of revaluation reserve.	"